Florida statute 689.261 requires that buyers receive a Property Tax Disclosure Summary at or before execution of the contract for sale. All sales contracts provided by Florida Realtors contain the required language. Due to the above, there is no separate Property Tax Disclosure Summary form provided by Florida Realtors.
What is the language used for the Property Tax Disclosure Summary?
BUYER SHOULD NOT RELY ON THE SELLER’S CURRENT PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED TO PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT THE COUNTY PROPERTY APPRAISER’S OFFICE FOR INFORMATION.
Where can I learn more?
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