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To: So Cal Rocket
Districts and taxesA Mello-Roos District is an area where a special property tax on real estate, in addition to the normal property tax, is imposed on those real property owners within a Community Facilities District. These districts seek public financing through the sale of bonds for the purpose of financing public improvements and services.[4] These services may include streets, water, sewage and drainage, electricity, infrastructure, schools, parks and police protection to newly developing areas. The tax paid is used to make the payments of principal and interest on the bonds.

Mello-Roos is tax deductible in some cases but not in others.

Many communities requiring new schools and infrastructures such as public parks and roads impose Mello-Roos. While property tax is assessed as a percentage of the value of the home, Mello-Roos is independent and could rise or lower and is not subject to Proposition 13.

Smells like a property tax to me!

12 posted on 01/09/2012 4:44:47 PM PST by rawhide
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To: rawhide

An end-run around the famous Prop 13, I am surprised that was found constitutional. (lower case for the state)


13 posted on 01/09/2012 5:07:02 PM PST by NonValueAdded ("At a time like this, we can't afford the luxury of thinking!")
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