How to calculate Mello Roos fees
How to calculate Mello Roos fees is a something that most Orange County Homebuyers want to know if they are planning on buying a home in a newer community that has amenities like schools or fire stations; even though Mello-Roos can seem complicated at first, they are actually very easy to figure out in just four easy steps.
Review Your Property Tax Bill
The first thing you can do to calculate your Mello Roos fees (MR) is to examine your property tax bill. A typical property tax bill for Orange County Homeowners who live in a Mello-Roos community will breakdown fees along with the property tax liabilities.
If you don’t have a property tax bill yet, you can go online and search the county website where your Home is located in Orange Coungy, then find the phone number for the county assessor and call their office. The County Assessor or tax collector will most likely be responsible for collecting the Mello-Roos fees along with other taxes and they can also provide you with great tips on How to calculate Mello Roos fees.
What to Say When You Call the Assessor’s Office
When you call the Orange County Tax Assessor you will want to tell them what your parcel number or address for your home is then tell them that you would like them to calculate your Mello-Roos taxes that you have to pay. Once they calculate your Mello-Roos taxes you should also ask for the representative for the Mello-Roos district in which your Orange County home is located just so you can contact that person in the future if needed.
Getting To Know Mello-Roos Taxes
One good thing to know about Mello-Roos taxes is that they rarely are more than 1.5% of the total value of a home and they cannot increase by more than 2 percent in any given year; it’s pretty easy to find out what your Mello-Roos taxes are for your Orange County home by viewing your online tax bill but for homes that you own in Los Angeles you may need to follow the steps above and contact your tax assessor.
For more information on How to calculate Mello Roos fees, or to view the latest Orange County Homes for sale, contact Fred Sed & Associates today by calling us at (949) 272-0125.