If you live in a new development area, you may be paying a Mello-Roos tax..
This tax is in addition to your property taxes.
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Unlike your property taxes, a Mello-Roos tax has an end date. That's because these types of taxes go towards paying for something specific.
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For example, your community may want to build its first school. A Mello-Roos tax is how everyone would pay for it. But once the school is built, that tax is over.
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When selling, you have to disclose to your home buyer that your property has a Mello-Roos tax and what the terms of that tax are.
Under Contract - 4610 Densmore Ave #8 Encino, CA
Contract signed on Densmore Ave!
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I'm going to miss marketing this warm, welcoming, and perfectly located condo. A true rare find South of Ventura Blvd!
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Last asking: $475,000
