What are Supplemental Taxes?

Many questions have started to recirculate about Supplemental Taxes: those quirky, specially assessed property taxes that often catch new homeowners by surprise. While Supplemental Taxes are not prorated during the course of an escrow, they are brought to the attention of new homeowners through standard transaction disclosures. Even still, it is always good practice for selling agents to provide their clients with as much information on the topic as possible.

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