What notice must be given to purchasers by the seller (or agent) informing them that county assessors revalue real property at the time the ownership of the property changes?

Respuesta :

Notice of Supplemental Property Tax Bill must be giv

The county has the right to go back and correct theen to purchasers by the seller (or agent) informing them that county assessors revalue real property at the time the ownership of the property changes.

The county has the right to go back and correct the tax account once the exemption has been removed. When they do this, a bill for additional taxes is issued. The unaware buyer who is now liable for the tax payment will often receive this supplemental tax bill.

A supplementary tax bill known as a negative supplemental tax bill represents an assessment that is lower than the previous assessed value, a senior citizen's transfer of Proposition 13 values, or some other downward assessment. You will also get a refund check if your supplemental tax bill is negative.

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