What must be disclosed to prospective purchasers regarding Mello-Roos assessments?

The requirement to disclose information about Mello-Roos assessments is a crucial aspect of the home-buying process in California. Mello-Roos assessments are special taxes levied on properties within certain districts to finance public improvements and services. Because these assessments impact the cost of ownership, prospective buyers must be informed about them.

The law mandates that sellers and their agents disclose any Mello-Roos assessments associated with a property to ensure that buyers are aware of the potential additional tax burdens they may face. This transparency is vital as it helps buyers make informed decisions regarding their investment.

Failure to disclose such information could lead to significant consequences, including legal liability for the seller. Therefore, the obligation to provide full disclosure of Mello-Roos assessments is not optional and does not depend on the significance of the assessments or whether a potential buyer requests the information. The law is clear that all relevant financial obligations related to the property must be communicated upfront.