How do property taxes affect the value and marketability of my home?

Special taxes and assessments such as Mello-Roos Districts are secured by a lien against your property. Until the bonds issued by the district are paid off, whoever owns the property must pay for this debt. This means that buying a home in a Mello-Roos or Assessment District is like buying a home with another mortgage already attached to it. Wary buyers know to consider a home’s tax burden when determining the total cost of the home, and for Mello-Roos districts, sellers are now legally required to provide the buyer with a Notice of Special Tax. However, it is important to note that no disclosure requirement currently exists for Assessment Districts, which place a similar lien and debt burden against your home.

Show All Answers

1. What are the important tax bill dates?
2. What are all of these charges on my property tax bill?
3. What if I don’t agree with the assessed valuation of my property?
4. How do property taxes affect the value and marketability of my home?
5. What is Mello-Roos and why do I have to pay it?
6. Can a Mello-Roos district foreclose on my home?
7. Is my property subject to 180 day accelerated foreclosure?
8. Why do I have to give a buyer a Notice of Special Tax when I sell my property?
9. What is a 1915 Act Bond?
10. How are tax rates determined?
11. Is there any way I can reduce the amount of property taxes I pay?
12. What is a Homeowner’s Exemption?
13. Why did I receive a supplementary tax bill after purchasing my new home?
14. Will I receive a tax bill if I pay taxes through an impound account?
15. What are the consequences if I fail to make a timely property tax payment?