Definitions for "Mello-Roos"
A comprehensive regional government financing and administrative system established by local governments at the request of a developer to finance specific public facilities and services such as schools, roads and libraries. Mello-Roos payments are billed as a separate charge on the property tax bill.
In the U.S., a form of financing that can be used by cities, counties and special districts (such as school districts) to finance major improvements and services within the particular district. In Las Vegas see LID and SID.
A legislative act that allows for the creation of a Community Facilities District assessment. This assessment ensures that critical facilities like schools, roads, water and sewer facilities, etc. are available to serve the first homeowners. Assessments vary by district.
A tax or charge imposed upon property owners in certain new California communities, usually to help cover costs for developing and maintaining the infrastructure of the community (e.g., sidewalks, sewage, landscaping, etc.).