What can a buyer do if the disclosed property taxes turn out to be inaccurate?

If a buyer discovers that the disclosed property taxes are inaccurate, the appropriate course of action is to rescind the contract. This means that the buyer can choose to annul the agreement based on the misrepresentation. Accurate information regarding property taxes is a vital aspect of a real estate transaction, as it can significantly impact the buyer's financial obligations and future costs associated with the property. If the taxes were misrepresented, the buyer may feel that they are not obligated to proceed with the purchase, as they relied on the accuracy of that information during their decision-making process. Rescinding the contract allows the buyer to exit the agreement without penalty, and it acknowledges the importance of truthful disclosures in real estate transactions.

Proceeding with the purchase regardless would not address the concern regarding the accuracy of the property taxes. Seeking compensation for damages may be an option, but typically this would require further legal actions or proof of damages, which can complicate the situation. While requesting a tax reduction might be something the buyer considers as a future course of action, it does not rectify the immediate issue of the inaccuracies in the disclosed information that may have influenced the buyer's decision to enter into the contract.