I read an interesting new listing today for Carlsbad. The agent stated that there were “Mellow Roos,” which is a good thing to know because it’s more money out of your pocket as the new owner.
But there’s nothing "mellow" about Mello Roos in Carlsbad, or anywhere in North San Diego County where I do business.
Mello Roos fees are a type of property tax on certain homes, generally those in planned communities such as Bressi Ranch, La Costa Greens, La Costa Ridge, La Costa Oaks, La Costa Valley, Calavera Hills, The Foothills at Carlsbad and … (20 comments)
Buyers, understandably, are concerned about price when looking for the right home to buy in Carlsbad. They may or may not have a formal budget, but know, presumably, what the lender has told them they are pre-approved for. If not, there is a bigger issue to be reckoned with. It's all about learning how to buy a home!
Read more in a 3-part series on Some Home Buying Costs You May Not Have Think About
Let’s assume you do know your budget for your … (7 comments)
First, let’s talk about what Mello Roos are, for those who are not familiar with real estate in California where these taxes exist. I know I didn’t have a clue when I was doing my home search for Carlsbad from my former home in Boston.
Mello Roos are named after the creators, Senator Henry Mello and Assemblyman Michael Roos, of the 1982 bill that was passed to allow local governments and builders to form Community Facility Districts where new subdivisions … (10 comments)
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There’s Nothing Mellow about Mello Roos in Carlsbad
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