Message Font: Serif | Sans-Serif
No. of Recommendations: 1

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 ....

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.