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Author: KenAtPcs Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Mello Roos taxes Date: 11/23/2002 11:54 PM
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Peter,

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 ....

Ken
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