For San Diego Home Buyers

San Diego Real Estate Blog written by Exclusive Buyer's Broker, Justin Gramm.

FAQ - Where did Mello-Roos come from?

Where did Mello Roos come from?You've heard the words many times, but why is it called Mello-Roos, and where did Mello-Roos come from? Mello-Roos is actually the combination of the two names of the two state representatives who proposed the bill (Senator Henry Mello and Assemblyman Mike Roos). In 1978, Proposition 13 was passed in California, severely limiting local governments' use of property taxes to construct public facilities and services. Consequently, local governments were forced to find creative new ways to fund public improvements. In 1982, Henry Mello and Mike Roos co-authored the "Mello-Roos Community Facilities Act of 1982", which enabled "Community Facilities Districts" (CFDs) to be established by local governments (such as San Diego) as a way to obtain the funding they needed for these community projects. Today, most people just call the resulting tax "Mello-Roos".

 

Read Also: FAQ: How much are property taxes in San Diego County?

Read Also: FAQ: How exactly do San Diego's Mello-Roos taxes work? 

Read Also: FAQ: How much does Mello-Roos tax cost?

Read Also: FAQ: What does Mello-Roos pay for? What facilities are funded by Mello-Roos taxes?

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Justin Gramm is the founder and principal broker of Globella Buyers Realty, your San Diego Exclusive Buyer Brokerage. He also writes this blog, "For San Diego Home Buyers."

Exclusive Buyer Agents do not list homes for sale and never represent sellers. They have no "inventory" to try to sell you. They can represent you in purchasing any home. They are specialists at representing buyers only on the buyers' side of the transaction. Exclusive Buyer Agents work to get buyers the best price and terms when they buy a home.

If you have excellent credit and plan to buy a home or condo in San Diego County within 90 days, contact Justin Gramm to hire an agent on your side of the transaction. Call Justin at (858) 437-2662 or  E-mail.

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By: Justin Gramm

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San Diego Exclusive Buyer Broker, Buyer's Agent, Real Estate | DRE License #01855249
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