What does a buyer have to do if the seller's property is in a special statutory tax district?

When purchasing property located within a special statutory tax district, the buyer is required to sign a notice regarding extra taxes. This is vital because special tax districts often impose additional tax assessments to cover specific services or improvements that benefit the district, such as infrastructure development or public services. The notice acts as a disclosure that informs the buyer of these extra financial obligations that may not be part of the standard tax assessment they are used to.

By signing this notice, the buyer acknowledges their understanding of the additional taxes that may affect their overall cost of ownership. This ensures transparency in the transaction and that the buyer is making an informed decision based on the full financial implications of acquiring the property. The other options, while they may involve considerations related to property purchases, do not directly pertain to the specific requirement tied to properties in special statutory tax districts.