You can give me a call to discuss mello roos in depth but briefly here is some basic information. First off mello roos is not a tax it is a bond. It came into existence when Proposition 13 passed and limited property tax to 1% per year of the purchase price. Every home has to pay the same fees that are included in a mello roos bond, however, post proposition 13 many builders needed additional funds to pay local fees. Their solution was to create a mello roos bond that would not violate proposition 13. The mello roos, also call other names, may cover local services and many in Valencia, California may be for a School Bond.
The pros for a mello roos may include somewhat less competition for these homes.
The con is the same money included in the home would gain equity.
Mello roos is paid on the property tax bill and may be paid monthly or twice a year.
Tony Lewis RE/MAX of Valencia firstname.lastname@example.org Cell - 661-510-7975