YOU MUST KNOW: Here’s 3 Mello Roos facts you must know before you buy!
1. What is Mello Roos? 2. How do you find out if a home has Mello Roos? And how much; how long? 3. What are the Mello Roos Taxes or Charges actually paying for? http://www.saccounty.net/services/Pages/Mello-Roos-Special-Taxes-Community-Facilities-District-Administration.aspx http://folsomlakerealty.com/melloroos https://www.trulia.com/voices/q_Mello+Roos+Sacramento+County/ http://www.tomatopages.com/folsomforum/index.php?showtopic=11313 https://sacramentorealestatevoice.com/home-buyers-ask-what-is-mello-roos/ http://www.caltaxfoundation.org/category/sacramento/ http://www.caltaxfoundation.org/category/placer/ http://www.caltaxfoundation.org/category/sacramento/ http://www.caltaxfoundation.org/category/el-dorado/ Buying a home in the Sacramento Region? Are any of the homes you are considering newer than Are you researching the property taxes? A great rule of thumb is to quickly take the purchase price multiplied by 1.25% or .0125. This is the 1% Property tax and .25% estimate in additional local taxes, which are usually about 0.25%. Now, remember, there are also Mello Roos Taxes that may also be paid and collected with the Property Tax, that are actually not a tax but a form of financing that can be used...
Find Out If a Home Has Mello Roos Here: Look up Mello-Roos in Tri Counties quick tool
[caption id="attachment_18996" align="aligncenter" width="232"] The Mello-RoosCommunity Facilities Act of 1982 was created to provide an alternate method of financing needed improvements and services.[/caption] What is Mello-Roos? It is actually a "nickname" that the Community Facilities Act of 1982 is commonly known by. California had a situation: Since 1978 it's been illegal for local governments to raise property tax rates charged. So, in order to build new schools, update fire stations, build new parks etc, local government had to raise additional funds somewhere. I'm almost positive they thought of car washes and bake sales... Well Senators Henry Mello and Mike Roos had an idea: The Community Facilities Act was a law enacted by the California State Legislature in 1982. The name Mello-Roos is derived from...
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