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Author: guch One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121105  
Subject: Re: MELLO ROOS Date: 2/12/1998 11:00 PM
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Mello Roos is a term given to a special tax in California. It started as a result of proposition 13 which limited property taxes. In the early 80's, Mello and Roos who were state legislators passed a bill which let local governments sell bonds to fund public improvements. The Mello Roos is the part of a Californians property tax which is specifically assessed to pay off these bonds. My understanding is that they are not tax deductable, but I am not sure. The backlash from this tax has led to a decrease in the properties affected by this tax. Not everyone has to pay the tax. Only if your parcel of land falls inside the community facilities district for a particular Mello Roos bond.
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