Mizake
Trakanon Raider
sounds like a new house tax to me? also what percent?
Yeah it kind of is like a new house tax. I honestly don't know how they determine the amount, because the moment I hear there is a Mello-Roos I just look elsewhere. It *might* be OK if you were buying for a primary home that you knew you were going to be in for a long time and you have kids so it makes sense to pay for new schools.....but I'm looking for investment properties and that just takes away from net profits. So I don't know how they determine how much you pay, but I do know it can be hundreds to even thousands of dollars A MONTH, and it is usually for DECADES (20+ years or more). It's significant.