A single family residence, which had an assessed value much lower than the current market value, was sold on October 1 at its current market value. The new owners will be obligated to pay:
A: Only the prorated amount of taxes based on the March 1 assessed value;
B: The regular payment due November 1, plus an additional month's taxes for October, based on the March 1 assessed value;
C: The regular payment due November 1, plus an additional month's taxes for October, based on the new assessed value;
D: A supplemental tax based on the difference between the old assessed value and the new assessed value for the remaining months of the fiscal year.
Answer: D: A supplemental tax based on the difference between the old assessed value and the new assessed value for the remaining months of the fiscal year.
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Indicate whether the statement is true or false.