Noel Crider, Realtor®
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Does it have Mello Roos? Checking assessments for Placer County homes for sale.
You have found the perfect home, and then the question, “Does it have Mello Roos?” rears its ugly head.
Many new homes in the Lincoln CA area, as well as Rocklin CA & Roseville CA, carry Mello Roos assessments which can add upwards of $300 to your monthly payment. So how do you really know if there are Mello Roos assessments affecting the property you are interested in buying? Well, there is one surefire place to find out: the County Tax Assessor’s website! Here’s what to do:
- Go to http://www.placer.ca.gov/Departments/Tax/Taxes/TaxBillSearch.aspx
- Enter the Assessors Parcel Number (APN) into the form (you may need to scroll down a bit to see the box).
- Voila…the tax bill appears.
On the tax bill you will see various entries including the tax year and if taxes are paid up or not. Toward the bottom of the table is section called Tax Code. You will see a list of assessments with the amounts broken down for each half of the year when taxes are due. The first entry will be Property Taxes, followed by various school bonds, local assessments, such as mosquito abatement, etc. Any entry that has MR after it is a Mello Roos assessment.
Don’t assume that just because the property is in a Mello Roos-laden area that there are Mello Roos to be paid. A few years ago, as property values began to fall, builders gave incentives to home buyers, one of which was to pay off the Mello Roos bond.
If you need help finding any of this information, or need an assessor’s parcel number for a particular property, ask me. I’m happy to help.
[...] To find out if a property has Mello Roos assessments, check out this post. [...]