I have some nice listings in 92880... Please call me when interviewing agents.
Mello Roos and assessments are not city by city or zip code by zip code.
they are by development.
Yes it is common for mellow roos in the 92880 zip code.
for more info you can check with the riverside tax assessor
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992
To directly answer your question, many homes in that zip have mello-roos tax. I think most consumers confuse mello-roos with special assessments. Pretty much you have 3 types of taxes on your home:
1. The base tax: This varies in CA from about .9 to 1.5 depending on where you are. Corona tends to be
on the low side about 1.1 for thebase in most areas (stays forever) Based on your sale price!
2. Special Assessments: This is for anything from street lights to schools (stays usually forever)
3. Mello-Roos: This is a tax to build new stuff, like parks and police stations, fire stations general stuff.
This tax has a definate ending period and can vary; however you will know how long it is (15-30) 30
years is the longest I have seen and only once. don't remember exactly where Orane County somewhere
The reason it varys so much is because it depends on how much of that tax the buider paid and built in
to the price of the home originally.
Hope that helps you,
Have a great day,