What is a Mello-Roos?
August 26th, 2008 By Peter G. Miller
A “Mello Roos” is a form of assessment in California. Instead of a single huge fee for a new home to pay for local schools and roads, the fee is instead paid out over a period of years.
Curiously, a “Mellow Roos” fee is not interest and not a tax, thus it is not deductible.
Please see a tax professional for details.
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