The buyer of Residential Property in the State of Florida must be given a Property Tax Disclosure regarding ad valorem taxes before or at the time of the execution of contract for sale. The purpose of the disclosure is to caution buyers that they cannot rely on the amount of the seller's property taxes as an indication of the taxes the purchaser will be required to pay in the year following the purchase of the property.
The wording of the actual disclosure may be directly inserted into the contract for sale or it may be presented as a separate document. This would depend on the contract that your agent is using and who the "writer" of the contract is. The wording of the disclosure must read as follows:
"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"
In Short. The taxes you will pay as the new owner of the residential property may be different than the taxes the person you are buying the home from paid. For information regarding the Florida Homestead Exemption and the tax benefits of homestead please read my blog Florida's Homestead Exemption