What is Mello Roos and How Does it Affect Santa Clarita Communities?
With new developments being built in and around the Santa Clarita Valley there came a need for developers to generate money for these communities to pay for various public improvements such as roads and schools which accompanies the traditional tax bill. The formation of the Mello-Roos Community Facilities Districts also referred to as "CFDs" was created.
Long time residents and local Realtors Jennifer and Gary Ricco know which areas in the Santa Clarita Valley have Mello-Roos. This is why it's extremely important to work local agents who know Santa Clarita!
What is that "special tax" called Mello-Roos, how is it used and how long does it last?
* Consult your CPA to see how this may impact your taxes, we cannot give tax or legal advice this is for informational purposes only.