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Special Assessment Tax

Are sellers in MN required to disclose to buyers that there is a special assessment tax being paid on the house?

We (buyers) were told of this extra tax weeks after signing our purchase agreement. In our agreement, we did not agree to take on this special assessment tax and therefore it doesn’t show up on our loan. However, they are still asking us to sign to take on the rest of the assessment costs. They say they forgot to add it in the agreement. Our real estate agent says we have no financial obligation to pay it because we already signed the purchase agreement - the default if no negotiating happens is the seller pays it when they sell.

Still I am curious though which brings me to this question because I can’t really find an answer. Were they required to disclose this prior to signing the purchase agreement?

submitted by /u/badbadcats
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/16028aq/special_assessment_tax/
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