Does Mello-Roos assessment go down if the numbers of homes increase in that assessment zone?
I believe the tax raised through mello-roos is used for paying principals and interest accrued on the bonds that city sold. Since that amount & interest doesn’t change, the actual assessment/household should technically go down when more and more homes get built? Assuming of-course that City doesn’t sale new bonds to raise more money.
Typically I see the city/school district simply generating new MR for the new constructions.
The only time MR gets reduced is if the city/district is considerate enough to refi to a lower rate.[/quote]
This is exactly what I’ve seen as well. Fortunately some MR’s are actually getting refinanced. My CFD #2 went down almost $1,000 from last year due to them refinancing at a lower rate.
.
