What is Mello Roos?

What is Mello Roos?

If you’re currently in the market to buy a home in say Chula Vista, CA or Carmel Valley, CA you’ve probably come across this funny sounding name for a tax and wondered what on earth it is.

Mello Roos is a real estate tax in addition to the normal property tax that is imposed on home owners within a Community Facilities District -CFD. These  districts seek public funding by issuing bonds to pay for public improvements and services.  The services include, parks, schools, roads, streets, water, sewage, police protection, electricity, libraries, childcare and infrastructure in newly developing areas.

What areas are likey to utilize the mello roos tax? – Those areas that need funding for such projects as a school, parks, roads etc

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How did it get it’s name?  This special tax got it’s weird name from the two men who originated the California Legislature bill in 1982. Sentor Henry J. Mello and Assemblyman Mike Roos. The Community Facilities District Act was passed into law commonly known as Mello Roos.

How can I find out if the property I’m looking to buy has the mello roos tax? You will need to look up the property assessment tax records and search for any items listed as CFD”s. You can search by property address, assessors parcel number or secured bill number. You can also ask a real estate agent to look up the assessors parcel number or for more information.

Mello Roos property tax

Mello Roos

 

 

Can I deduct the mello roos on my personal income tax return? It can be tax deductible in some areas and not in others. A list of items that are or are not tax deductible are listed on the CA State Franchise Board site.

How long will I have to pay mello roos? While bonds can be for 5 plus years, most bonds issued are for about 25 – 30 years from the date of completion of the property.

How is mello roos assessed? Unlike regular property taxes which are assessed based on the value of the property – mello roos is considered a designer tax and can be levied a variety of ways just as long as it is fair and reasonable.

Search Foreclosed homes in Chula Vista

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TOP FIVE AREAS SAN DIEGO MILITARY FAMILIES BUY HOMES

I’ve done my research – Search the Top FIVE areas that San Diego Military families purchase homes

 

SEARCH POPULAR AREAS NEAR NAVAL BASE SAN DIEGO OR 32ND ST. NAVY BASE

View Military homes in Chula Vista, Spring Valley and Otay Mesa

We serve all branches of the military whether you’re Army, Air Force, Navy, Marines, or Coast Guard. We even have experience in dealing with border patrol and prison workers. The site will address relevant information pertaining to home buying, selling, financing and mortgage relief options. We do not at this time have the ability to help those looking for rental properties but we encourage all our users to compare the option of buying vs. renting to see which one makes more sense.

We’ve gathered all the key information you will need to satisfy your off base housing needs based on our years of working with the military community.

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4 Responses to “What is Mello Roos?”

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  1. Your style is really unique compared to other folks I’ve read stuff from. Thanks for posting when you have the opportunity, Guess I will just bookmark this blog.

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  1. […] 2. Consider additional expenses that come with owning a home like property tax, insurance, HOA, Mello Roos and repairs. 3. Be flexible on the little things. It would be wonderful to find a home with […]

  2. […] market decline and have no equity. Homes in Chula Vista, CA tend to have addtional fees such as mello roos and HOA’s that have to be factored into the sale of the […]

  3. […] search every available home for sale in Chula Vista. Pay close attention to the extra fees such as mello roos and HOA that are fairly common in the Chula Vista area and can impact the overall monthly cost of […]



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