Mello-Roos Tax
While often controversial due to limited transparency for home buyers, Mello-Roos offered communities a way to raise funds they wouldn’t otherwise have to build or improve their amenities when it originated.
Mello-Roos Tax
While often controversial due to limited transparency for home buyers, Mello-Roos offered communities a way to raise funds they wouldn’t otherwise have to build or improve their amenities when it originated.
What Is Mello-Roos Tax?
A Mello-Roos is an ad hoc California tax district created to finance an infrastructure project. A district may be made only with the approval of two-thirds of voters, permitting a special tax to be assessed on its residents. The state law allowing such districts was implemented in 1982 as a way for local governments to bypass the state’s 1978 cap on property tax increases.
What are my Mello-Roos taxes paying for?
Your taxes may be paying for both services and facilities. The services may be funded only to the extent of new growth, and services include:
- Police protection
- Fire protection
- Ambulance and paramedic services
- Recreation program services
- Library services
- The maintenance and lighting of parks
- Parkways, streets, roads, and open spaces
- Museums and cultural facilities
- Flood and storm protection
- Services for the removal of any hazardous substances
Facilities that may be financed under the Act include:
- A property with an evaluated useful life of five years or longer
- Parks, recreation, parkway, and open-space establishments
- Elementary and secondary school sites and structures
- Libraries
- Child care establishments
- Construction and undergrounding of water transmission and distribution facilities
- Natural gas pipeline facilities
- Telephone lines
- Facilities to transmit and distribute electrical energy
- Cable television lines
Landlord representation
Our commercial leasing professionals work to maximize asset awareness, stabilize occupancy through leasing and tenant retention, achieve optimal rents, and enhance investment value.
To do this effectively, they clearly understand each asset’s investment goals, tenant mix, financing structure, building strengths, submarket conditions, and competition. Then they develop a comprehensive marketing strategy tailored to each property’s specific needs.
Commercial leasing professionals provide strategic expertise to commercial property owners and investors. They work to stabilize occupancy through leasing and tenant retention, achieve optimal rents, and enhance investment value.
