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Property Q&A in 92883 : Real Estate Advice

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  • Local Info2
  • Home Buying12
  • Home Selling0
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Activity 6
Fri Jul 14, 2017
Jbrady asked:
Thu Jul 21, 2016
lettiealatorre asked:
Fri Jul 4, 2014
David Evans asked:
When we edited the listing to show the true 5 bedroom vs 4 bedroom the value dropped to $444K. how can this be?

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This question was asked from this property: http://www.trulia.com/hom…
0 votes 0 Answers Share Flag
Sat Mar 3, 2012
Homaandartrealty answered:
Yes, the "mello roos" or "special assessment" taxes do have a "end" date but they can be "extended" and it varies depending on the area & builder/developer. If you need a specific answer to a specific property please don't hesitate to contact me directly @ 951-532-7770 or homajavadi@HnARealty.com
And remeber "Real estate is Local".
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0 votes 3 answers Share Flag
Sat Feb 11, 2012
Elise Timpe answered:
This sounds confusing.
Here's how to figure out what it should be....

Get you tax statment. On it, should be a "tax rate". Also, you will see special assessments such as mosquito vector, Mello Roos, 1918 bond, etc.

Make sure the "taxable amount" is your purchase price or very close.
Multiply the "taxable amount" by the tax rate. Then add the special assessments to that amount. Divde that sum by 12 to see what your monthly taxes should be.
Mello Roos can go up or down, but it normally doesn't. In your property hazard disclosure, it should state how much it can go up and when it is paid off.

This should tell you what you should be paying.
... more
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