The disclosure that relates to the special taxes that were levied for streets and sewers in new developments as stated in Mello Roos community facilities act of 1982 is that if seller doesn't provide, buyer has right to cancel contract within 3 days after receipt of notice.
What is a special taxes?
This refers to the tax levied to fund a particular government project or program.
The special taxes also means any taxes, levies, imposts, deductions with respect thereto those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority
On the tax levied for streets and sewers in new developments, the disclosure requires that if seller doesn't provide, buyer has right to cancel contract within 3 days after receipt of notice.
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