For San Diego Home Buyers

San Diego Real Estate Blog written by Exclusive Buyer's Broker, Justin Gramm.

FAQ - How much does Mello-Roos tax cost? How much will I pay for Mello-Roos?

How much does Mello Roos cost in San Diego?Some areas of San Diego County have special Mello-Roos taxes assessed to individual home owners and property owners. The amount will vary from one Community Facilities District (CFD) to another. To determine the amount of the individual assessment, planners typically adopt a formula that relates to the size of the specific home or lot. Normally, special taxes and assessments (such as Mello-Roos) do not exceed 0.5% to 1.5% of the market value of the new home. As a result, the total amount of all annual property taxes in San Diego County (including Mello-Roos) usually does not exceed 1.5% to 2.5% of the new home's market value. If a home is in an area with no Mello-Roos taxes, the property tax will be close to 1.25% of the property's assessed value at time of purchase.

To find out the property tax obligations of a specific property, visit the San Diego County Tax Collector's website.

Read Also: FAQ: How much are property taxes in San Diego County?

Read Also: FAQ: How exactly do San Diego's Mello-Roos taxes work? 

Read Also: FAQ: Where did Mello-Roos come from?

Read Also: FAQ: What does Mello-Roos pay for? What facilities are funded by Mello-Roos taxes?

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Justin Gramm is the founder and principal broker of Globella Buyers Realty, your San Diego Exclusive Buyer Brokerage. He also writes this blog, "For San Diego Home Buyers."

Exclusive Buyer Agents do not list homes for sale and never represent sellers. They have no "inventory" to try to sell you. They can represent you in purchasing any home. They are specialists at representing buyers only on the buyers' side of the transaction. Exclusive Buyer Agents work to get buyers the best price and terms when they buy a home.

If you have excellent credit and plan to buy a home or condo in San Diego County within 90 days, contact Justin Gramm to hire an agent on your side of the transaction. Call Justin at (858) 437-2662 or  E-mail.

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By: Justin Gramm

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San Diego Exclusive Buyer Broker, Buyer's Agent, Real Estate | DRE License #01855249
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