Friday, June 26, 2009

Mello-Roos Follow-Up

Sharon Whaley at Disclosure Source reminds me that Mello-Roos taxes are not fixed - they can rise, and sometime at significantly more than the 2% annual rate that applies to the base property tax rate. The home seller and agent have a legal responsibility to disclose the maximum amount that the Mello-Roos tax can reach, which is why it is critical to obtain a compliant Natural Hazards Disclosure (NHD) Report with a Mello-Roos determination from a reputable company!

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