The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Mello Roos taxes||Date: 11/23/2002 11:54 PM|
|Author: KenAtPcs||Number: 62198 of 118626|
The code section quoted in the other reply applies to taxes levied for improvements to the specific property assessed.
I'm not a CPA or a tax preparer, so I certainly defer to your experience & knowledge. Not only that, but I certainly prefer that your answer be the correct one. Also, perhaps it's different in different parts of the state. Here, the Mello Roos is assessed by development, with the benefits (supposedly) going directly to the new neighborhood (streets, sewers, parks, etc.). In that regard, it seems to be benefiting the specific property.
Personally, I think it stinks. It's on our property tax bill, it goes up 2% a year just like our property tax. Ok, it isn't based on the value of our property like our property tax is, but other than that, it walks like it, it talks like it ....
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|