Mortgage Glossary
Mello-Roos
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Mello-Roos is a special tax district, mainly in California, that funds infrastructure through an additional property assessment.
What Mello-Roos means
It's largely a California concept, but Florida has analogous Community Development District (CDD) assessments that add to a homeowner's annual costs.
Florida example
A Florida buyer in a newer master-planned community may face a CDD assessment that works much like Mello-Roos, adding to the tax bill and the payment used to qualify.
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