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Practice Of Real Estate DisclosuresMello_roos_and_special_taxesEASY

A real estate agent in California is explaining Mello-Roos to a first-time buyer. The buyer asks where the Mello-Roos tax appears. What is the correct answer?

Correct Answer

C) The Mello-Roos tax is listed as a separate line item on the annual property tax bill from the county

The Mello-Roos special tax appears as a separate line item on the annual property tax bill issued by the county tax collector. It is collected along with the regular property taxes, typically in two installments (November 1 and February 1).

Answer Options
A
The Mello-Roos tax is included in the buyer's monthly mortgage payment only if the lender requires it
B
The Mello-Roos tax is paid directly to the HOA each month
C
The Mello-Roos tax is listed as a separate line item on the annual property tax bill from the county
D
The Mello-Roos tax is paid once at closing and never again

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Related Topics & Key Terms

Key Terms:

mello_roostax_billcounty_collectionannualGov_Code_53340

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