§ 4-8-104.  Disclosure to buyers.
   (a)   Disclosure required. A contract to sell real property shall disclose to the initial buyer and any later buyer during the life of any special assessment, special tax, fee, or charge authorized under this title the amount of any special assessment, special tax, fee, or charge that the buyer must pay. Any contract that does not disclose all items required by this section is voidable at the option of the buyer before the date of settlement.
   (b)   Contents of notice.
      (1)   A notice in a contract of sale that substantially conforms to the following text complies with this section:
"Each year the buyer of this property must pay a special assessment or special tax imposed under §§ 4-8-101 et seq. of the Anne Arundel County Code, as of (date of this contract of sale). The special assessment or special tax on this property amounts to (dollar amount in arabic numbers) each year, as of (date of each scheduled increase), the assessment or tax may increase to (maximum amount or method for determining the same). For further information on this assessment or tax, the buyer may contact the County Office of Finance."
      (2)   If an increase in any special assessment, special tax, fee, or charge is likely to occur in the foreseeable future but the timing or amount of the increase is not certain when the contract is signed, the notice shall also expressly disclose that fact.
   (c)   Declaration. Before any bonds are issued under this title, the Controller shall record among the land records of the County at the cost of the special taxing district a declaration encumbering all real property located in the district and designating that property as subject to a special taxing district. The declaration shall terminate when the Controller records a release stating that all bonds are fully repaid.
   (d)   Notice on tax bill. The Controller shall indicate on the real property tax bill for each property in a special taxing district the amount of any special assessment or special tax imposed on the property.
(1985 Code, Art. 6, § 4A-104)  (Bill No. 58-97; Bill No. 17-00)