Homes for Sale in Indio With No Mello Roos Tax
Indio is a top city of choice for many home buyers, especially first time home buyers. Indio has a lot of newer neighborhoods like those located on the North side of I-10. Many of these homes were built in 2005 or newer and offer spacious floor plans with upgrades including granite counters and great rooms. An added bonus - most of these homes are priced under $300,000! Search homes for sale in Indio.
How do Mello Roos affect me?
Because Indio does have many newer communities, home 
buyers should know to watch out for Mello Roos taxes. Mello Roos taxes will add to your annual taxes due and thus how much you can afford in purchasing a home. But you can have your cake and eat it to. There are several newer neighborhoods on the North side of I-10 that have NO or lower Mello Roos!
What are Mello Roos?
In short, Mello Roos are infrastructure (streets, curbs, sewers) and public service (fire departments, schools, police) fees that are passed onto the home buyer from the developer.
Here's the long version: Local governments require developers to put in the necessary infrastructure for new home developments. Developers have one of two options. The developer can add the cost of this infrastructure to the price of each new home in which case the the homeowner typically pays more out the door for the home. Or, many developers opt for establishing a Community Facilities District (CFD) in the form of Mello Roos, or additional property taxes. The CFD has the power to issue tax-exempt bonds to pay for infrastructure or services. The cost is then passed on to the homeowner in the form of annual special taxes.
For savvy shoppers that want a newer community but want no or lower Mello Roos taxes, you will want to consider these neighborhoods first:
For more information on neighborhoods with no Mello Roos taxes or for a list of homes currently available for sale in these neighborhoods, please contact me or text me at 760-799-8460.
Indio New Listings l Indio Foreclosure Listings l Indio Short Sale Listings l Indio Single Family Homes
Comments(3)