what is mello ross?

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2006-08-08 17:47:30 · 2 answers · asked by alherbal 2 in Business & Finance ➔ Renting & Real Estate

2 answers

It's a collection, almost like home owners association dues, to pay for certain benefits for your neighborhood. Generally, mello payments refer to new construction in new neighborhoods. They usually needed extra money to pay for parks, grass areas, trees, walls, whatever.

2006-08-08 17:51:38 · answer #1 · answered by JustJake 5 · 0⤊ 0⤋

its a tax, to build infrastructure within a community because the builder didnt pay it

2006-08-09 00:50:37 · answer #2 · answered by no1special 5 · 0⤊ 0⤋