Understanding Supplemental Property Taxes: Your Guide to Navigating Homebuying Costs

---

What Homebuyers Should Know About Supplemental Property Taxes & Mello Roos

When you purchase a home, there are costs beyond the purchase price that every buyer should plan for. One that often surprises new homeowners is supplemental property taxes. These taxes are assessed when a property is newly purchased or constructed, since local governments reassess the home’s value to reflect its current market worth. The difference between the old and new assessed values generates a supplemental tax bill, which usually arrives shortly after closing.

Because these bills are separate from your regular property tax payments, many homeowners aren’t expecting them. To avoid surprises, it’s smart to budget for this additional cost in advance. Your mortgage loan officer can guide you on how supplemental taxes may affect your total housing expenses and help you plan accordingly.

In addition to supplemental property taxes, buyers of new construction homes should also be aware of Mello Roos taxes. These are special assessments often applied in newer housing tracts to help fund vital community improvements such as schools, parks, fire stations, police services, and road infrastructure. While they can increase your overall property tax bill, these taxes are designed to ensure that new neighborhoods have the resources and amenities needed to thrive.

👉 Key Takeaways for Buyers:

• Supplemental property taxes are based on a reassessment when you buy or build.

• These bills are typically sent separately and may not be included in your escrowed property taxes.

• Mello Roos taxes are more common in new housing developments and are used to pay for local infrastructure and services.

• Planning ahead and budgeting for both can help you avoid financial surprises.

Understanding these costs early ensures that you’re fully prepared for the true cost of homeownership. If you have questions about how supplemental property taxes or Mello Roos assessments could affect your home purchase in the Central Valley, I’d be happy to walk you through the details and help you plan with confidence.

📞 Call me at 209-227-7745 or 559-476-9279
🌐 Visit robertclarkloans.com
NMLS #357788 | NMLS #301522
Firestone Financial Group – Equal Housing Opportunity. Not a commitment to lend. Terms and conditions apply.