What should I consider before buying a home in a Metro District?

Residents of a Metro District pay an additional property tax. For a newly constructed home, this tax activates two years after purchase. Before purchasing a home in a Metro District, buyers should review the impact of an additional property tax on their annual budget and factor that into the overall cost of the home.

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1. What is a Metro District?
2. What should I consider before buying a home in a Metro District?
3. How does a Metro District differ from an HOA?
4. How is a Metro District governed and can I be a part of governance in my Metro District?
5. Who approves a Metro District?
6. Who ensures transparency of a Metro District after it’s formed?