Common use of Notice Regarding Possible Liability for Additional Taxes Clause in Contracts

Notice Regarding Possible Liability for Additional Taxes. If for the current ad valorem tax year the taxable value of the Property that is the subject of this Agreement is determined by a special appraisal method that allows for appraisal of the Property at less than its market value, the Buyer may not be allowed to qualify the Property for that special appraisal in a subsequent tax year and the Property may then be appraised at its full market value. In addition, the transfer of the Property or a subsequent change in the use of the Property may result in the imposition of an additional tax plus interest as a penalty for the transfer or the change in the use of the Property. The taxable value of the Property and the applicable method of appraisal for the current tax year is public information and may be obtained from the Xxxxxx County Appraisal District.

Notice Regarding Possible Liability for Additional Taxes. If for the current ad valorem tax year the taxable value of the Property that is the subject of this Agreement is determined by a special appraisal method that allows for appraisal of the Property at less than its market value, the Buyer may not be allowed to qualify the Property for that special appraisal in a subsequent tax year and the Property may then be appraised at its full market value. In addition, the transfer of the Property or a subsequent change in the use of the Property may result in the imposition of an additional tax plus interest as a penalty for the transfer or the change in the use of the Property. The taxable value of the Property and the applicable method of appraisal for the current tax year is public information and may be obtained from the Xxxxxx Bexar County Appraisal District.

Notice Regarding Possible Liability for Additional Taxes. If for the current ad valorem tax year the taxable value of the Property that is the subject of this Agreement is determined by a special appraisal method that allows for appraisal of the Property at less than its market value, the Buyer may not be allowed to qualify the Property for that special appraisal in a subsequent tax year and the Property may then be appraised at its full market value. In addition, the transfer of the Property or a subsequent change in the use of the Property may result in the imposition of an additional tax plus interest as a penalty for the transfer or the change in the use of the Property. The taxable value of the Property and the applicable method of appraisal for the current tax year is public information and may be obtained from the Xxxxxx County Appraisal Districttax appraisal district established for the county in which the Property is located.

Notice Regarding Possible Liability for Additional Taxes. If for the current ad valorem tax year year, the taxable value of the Property that is the subject of this Agreement is determined by a special appraisal method that allows for appraisal of the Property at less than its market value, then the Buyer person to whom the Property is transferred may not be allowed to qualify the Property for that special appraisal in a subsequent tax year and the Property may then be appraised at its full market value. In addition, the transfer of the Property or a subsequent change in the use of the Property may result in the imposition of an additional tax plus interest as a penalty for the transfer or the change in the use of the Property. The taxable value of the Property and the applicable method of appraisal for the current tax year is public information and may be obtained from the Xxxxxx County Appraisal Districttax appraisal district established for the county in which the Property is located.

Notice Regarding Possible Liability for Additional Taxes. If If, for the current ad valorem tax year year, the taxable value of the Property that is the subject of this Agreement is determined by a special appraisal method that allows for appraisal of the Property at less than its market value, the Buyer person or entity to whom the Property is transferred may not be allowed to qualify the Property for that special appraisal in a subsequent tax year and the Property may then be appraised at its full market value. In addition, the transfer of the Property or a subsequent change in the use of the Property may result in the imposition of an additional tax plus interest as a penalty for the transfer or the change in the use of the Property. The taxable value of the Property and the applicable method of appraisal for the current tax year is public information and may be obtained from the Xxxxxx County Appraisal Districttax appraisal district established for the county in which the Property is located.

Notice Regarding Possible Liability for Additional Taxes. If for the current ad valorem tax year the taxable value of the Property land that is the subject of this Agreement is determined by a special appraisal method that allows for the appraisal of the Property land at less than its market value, the Buyer person to whom the land is transferred may not be allowed to qualify the Property land for that special appraisal in a subsequent tax year and the Property land may then be appraised at its full market value. In addition, the transfer of the Property land or a subsequent change in the use of the Property land may result in the imposition of an additional tax plus interest as a penalty for the transfer or the change in the use of the Propertyland. The taxable value of the Property land and the -42- applicable method of appraisal for the current tax year is public information and may be obtained from the Xxxxxx County Appraisal Districttax appraisal district established for the county in which the Property is located.