Finding Disclosure Forms
On page 26 of the June 2006 cover story, “Don’t Get Sued,” Joe Boyd,with Boyd, Lindsey & Sliger PA in Tallahassee, states: “There is a law, asof January 2005, for residential properties that states disclosure of this must be made. Called the Property Tax Disclosure Summary, the disclosure must be given to the buyer before or at execution of the contract.”
I searched Planet Realtor® [www.planetrealtor.com] and couldn’t find this form. Where can I get a copy of this law and where can I get a copy of this form?
Planet Realtor is great. We all depend on it for the latest news and information.
Doris Hutchings, GRI
Century 21 Choice Properties
Editor’s Note: Effective Jan. 1, 2005, the Property Tax Disclosure Summary, found in Section 689.261, Florida Statutes, requires that a buyer of residential property be notified that the property will be reassessed following the sale and that the new tax bill may be higher than presale tax bills.
If you don’t use the most recent versions of the FAR and FAR/BAR residential contracts, be sure the contract you do use includes the new property tax disclosure language.
The disclosure must be attached to the contract for sale before the contract is signed, unless it is included in the contract. The most recent versions of the FAR and FAR/BAR residential contracts have the required language incorporated in them and can be downloaded for free on PlanetRealtor.com (follow the “Forms” tab at the top of the page).
The statute provides the language of the disclosure: 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’SOFFICE FOR INFORMATION.
For other questions, members may call the FAR Legal Hotline at (407) 438-1409 and speak with an FAR attorney at no charge. Please have your real estate license number available when you call.
Television Is Attainable
I’m a real estate sales associate and the sales manager for a new local family-oriented Hispanic TV station, TV VISION Channel 30 in Tampa. Thank you for the article “Television: Is It Out of Reach?” [June issue, page 42]. You’re right. TV advertising is not out of reach. Compared to the demographic market reached using print advertising, TV reaches more families and reinforces the decision a potential seller or buyer may make.
Charles Rutenberg Realty
Submit letters to “Editor” via e-mail to FLRealtor@far.org, mail to P.O. Box 725025, Orlando FL 32872-5025, or fax to (407) 438-1411. Letters are edited for space and clarity. Publication of a letter does not constitute an endorsement of the writer’s views by the Florida Association of Realtors®.