Mello-Roos Districts are good for the community because Proposition 13 (passed in 1978) severely limited the ability of local governments to fund public facilities and services. California has one of the lowest property tax rates in the nation, but the true tax burden in some areas, especially newer neighborhoods, may equal rates typical of other U.S. States.
A Mello-Roos District is a designated area that provides certain public infrastructure and services like streets, water, sewage and drainage, electricity, schools, parks and police protection to new developments. The district sells public financing bonds to pay for the infrastructure and services. The tax you pay is used to make the payments of principal and interest on the bonds.
Here's an excellent pamphlet from Fidelity Title that goes into more detail: http://www.fidelitytitle.net/fastfacts/NewPDF/021_Mello-Roos.pdf
Thanks for the opportunity to answer your question. Feel free to contact me directly at 951-571-9229 or Sean.Giorgianni@gmail.com if there's anything else I can do for you.
The other agents have giving you accurate information, there are other bonds and assessments that can be added to certain properties, but all of them are broken down on the tax bill. There usually are phone numbers that you can call also listed so that you can verify their length and if and how much they can increase each year. Your realtor should provide you with that information once you have identified a home that you would be interested in purchasing.
Good Luck and always make decisions with information.
Hope this Helps
First team Real Estate
Mello Roos is calculated based on the square footage of the house. Larger the house the more Mello Roos you have to pay. It has expiration data. For example in Ladera Ranch Mello Roos is paid off after 40 years. Usually newer communities have Mello Roos. It is smart to find an area that Mello Roos will be paid off soon. If you go to the county tax assessor 's office web site and if you know the parcel number you can get information about property taxes and the Mello Roos. If you like me to help you with that my email address is firstname.lastname@example.org.