Certain material information must be provided to potential home buyers. According to local and state laws and statutes, this data can vary from state to state and region to region. Failure to provide this information can result in fines and other legal penalties. The following disclosures are currently required when selling a home in Florida: A property tax summary informs potential buyers of the property taxes paid by the seller on the home. The disclosure should also state that a reassessment of the property may be necessary if any significant repairs or renovations are made to the house....