Homes with no Mello Roos are said to exist in Antioch. An explanation of Antioch Mello Roos costs are that they are in addition to the usual taxes associated with home ownership. They are primarily based on necessary infrastructure related to building a new subdivision. According to the Mello Roos District Board Community Facilities District many homes built in Antioch after 1989 have one form or another of Mello Roos based upon the “livable” square footage of a home and this special tax allows for the financing of public facilities and services.
The Mello Roos District Board Community Facilities District also points out the good news in that Mello Roos taxes do expire at one point or another as noted by the following information. “The Antioch Mello Roos Special Tax is used to pay principal and interest on construction bonds that have been sold. These bonds mature at different times, from the current year all the way out to the year 2025. However, due to matching construction funds received from the State and also by maintaining the Special Tax at the current rate, the Agency has been retiring some of the bonds ahead of their maturity schedule. Based on current estimates, 2016 will be the last year the Special Tax will be levied. The estimated date may change due to market conditions which could affect Special Tax collections as well as the ability to build new homes within the District.”
Life in the Community of Antioch boasts quick and easy access to the Highway 4 Bypass, making it ideal for commuting in any direction. Antioch is uniquely situated on the Delta, where fishing, boating and family fun is in your backyard. Schools, churches, restaurants and shopping are plentiful and most Antioch neighborhoods are within close proximity to all of them. Public transportation and the Bay Area Rapid Transit (BART) are close by and have schedules to fit most residents needs.With it’s close proximity to San Francisco, Antioch is just a short distance to the San Francisco Opera, Ballet and other cultural venues.
For Antioch Home Owners, there are several payment relief options available for Home Owners who are looking for options to reduce or eliminate their mortgage payment. Government Programs like HAMP, HAFA, and HARP are available for many homeowners who need payment relief options.
Since 2005, Antioch has seen a significant change in the housing market. This has resulted in many Foreclosures, Auctions, and available Short Sale Homes. Foreclosures, Auction and Short Sales have provided prospective Home Owners an opportunity to purchase a home in Antioch at a remarkable price.
Antioch is an ideal community in which to purchase your next home!