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?

Sellers or their agents must provide a notice to purchasers informing them that county assessors revalue real property when ownership changes to determine property taxes. This notice typically includes details about the assessment process and potential changes in property taxes following the transfer of ownership. It's important for buyers to understand that their property taxes may increase as a result of this revaluation. The specific requirements for this notice can vary by jurisdiction, so it's essential to consult local laws.