New Far/Bar Rider for Miami-Dade County Residential Property

 

Effective June, 2019, The FAR/BAR Contract documents now include a new Rider: CC. Miami-Dade County Special Taxing District Disclosure.

Rider “CC.” should be used with contracts for the sale of certain residential property in Miami-Dade County.  The rider stems from an amendment to Sec. 18-20.2 of the Miami-Dade County Code which requires that sellers disclose to buyers the existence of special taxing district(s), if applicable.

Anyone selling a residential property in Miami-Dade County should check their property tax bill and look for any non-ad valorem taxes on the bill.  If those non-ad valorem taxes are due to a special taxing district assessment, then a seller must disclose the tax via contract by using the new Rider CC.

For more information about the Rider or the Ordinance, contact Scott Marcus.