I wonder why paying off Mello Roos doesn’t increase the resale value?
When I was looking for house, the areas without MR clearly had a premium compared to similar home in an area with MR. In some places MR amount is ~$400- $500 per month. So why won’t a potential buyer pay the premium for a house for which he doesn’t have to make the payment?
One thing I can think off is the standard appraisal process won’t assign any value to “MR paid off status” in a MR area. So buyers will have to make larger down payment.
Is there other reason why paid MR status does not increase the house value?
