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Property Q&A in 92203 : Real Estate Advice

  • All27
  • Local Info1
  • Home Buying18
  • Home Selling0
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Activity 6
Tue Feb 7, 2017
Cdunn answered:
Does the Community of Desert River have Mello Roos Tax?
0 votes 6 answers Share Flag
Mon Jan 26, 2015
susieq724 asked:
This question was asked from this property:
0 votes 0 Answers Share Flag
Sun Jul 6, 2014
larissa-204 asked:
This question was asked from this property:
0 votes 0 Answers Share Flag
Sat Oct 13, 2012
John Souerbry answered:
Mello-Roos can last a specific number of years or can go on forever.
Although originally intended to fund building projects, Mello-Roos funding has also taken on the role of paying for day-to-day operation of government facilities and services. For example, if a subdivision is built on the outskirts of town and the police department needs to add officers and cars to service this area, that extra expense can be funded through Mello-Roos. That subdivision is simply designated a "community facilities district" and the new homeowners are slapped with Mello-Roos assessments.
Many city governments have become addicted to Mello-Roos style funding, since they usually get a lot of push-back from the community is they attempt to raise local taxes. Mello-Roos was originally devised by state lawmakers to counter the effects of Prop. 13, which restricted tax increases.
Anyone considering buying a home where Mello-Roos taxes are in place should thoroughly research the past and current use of Mello-Roos funding. If Mello-Roos has or is being used to fund daily government operations, it is highly likely that those payments will never go away - even if the current funding has an expiration date. It's far too easy for government officials to keep going back to the trough.
... more
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Fri Nov 14, 2008
Jackie Bone answered:
Hello Des
No, there is nothing wrong with the fairway. It just so happens to be that the right buyer hasn't come along yet. Are you the buyer this property is waiting for?
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