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The term "Mello-Roos Tax" is one you may or may not have heard before. Mello-Roos taxes are additional taxes that are added on to properties to repay a bond that has been taken out for infrastructure.
What does this mean? Well, basically it means that the government wants you to pay a little more money in taxes in order to pay for schools, parks, roadways, streets, etc. This tax can not exceed 40 years from the time the home is built, and you won't see it on a home built earlier than 1994.
In Orange County, you will see Mello-Roos taxes in a lot of newly constructed homes in areas such as Mission Viejo, Irvine, Rancho San Margarita, and other southern pockets of Orange County. In the desert market, you won't see Mello-Roos taxes much, except in a few small areas with new homes.
Hopefully this answered some questions for you about Mello-Roos taxes, what they are, and how they work. If you have any further questions or are curious if a home you are looking at has a Mello-Roos tax, give us a call. We can get that information for you right away.
