junior74_IHB
New member
[quote author="irvine_home_owner" date=1226192928][quote author="junior74" date=1226149983]Is the Mello Roos rate locked in at Northwood II? Or does the rate vary depending on how much you pay for a house? If they paid 850K for a house in NWII and pay $500/month for Mello and I pay 700K for the same house, is my rate still $500/month?
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Unlike the base property tax, Mello Roos and Special Assessments are fixed and not a percentage of the purchase price. If the owner is paying $500 a month currently... you should be paying the same amount too.</blockquote>
Thanks for all your help guys and/or gals!
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Unlike the base property tax, Mello Roos and Special Assessments are fixed and not a percentage of the purchase price. If the owner is paying $500 a month currently... you should be paying the same amount too.</blockquote>
Thanks for all your help guys and/or gals!