From RealEstateLibrary.com
In 1982, two state legislators, Sen. Henry Mello and Assemblyman Mike Roos - two Democrats - found a way around Proposition 13 and affected the passage of a bill known as the "Community Facilities Act." This act authorized local governments and developers to create Community Facilities Districts for the purpose of selling tax-exempt bonds to fund public improvements. The homeowner then pays a supplemental tax bill to pay back the bonds.
Most NEW neighborhoods in San Diego County have Mello-Roos fees. These help pay for new roads, schools, parks, libraries, and other community services in developing areas. But they also affect the affordability of houses that benefit from such facilities and services. Some of the most important questions you can ask when house hunting are: How much is the Mello-Roos? How long does it last? How does it increase every year?
Do your due diligence. This is very important when considering in which neighborhood you want to purchase your home.
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