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Subdivisions in San Diego built after 1985 often have Mello Roos. Mello Roos is a special tax imposed on property owners through the sales of bonds for the purpose of financing certain public improvements and services such as streets, water sewage, drainage, parks, police, fire, library and schools.

While typically, Mello Roos is spread into payments of 20-30 years, it can be paid off early to save you money in the long term.

For example, new developments in Del Sur and 4S Ranch have 2 Mello Roos bonds each equaling an estimated $50,000. Payments for these bonds (including interest) are $5000 per year for 25 years (numbers are close estimates.)

After 25 years, a homeowners’ total payment will be $125,000. Many homeowners are opting to pay off these bonds early thereby saving as much as $75,000 if the homeowner owns the home for at least 25 years.

Therefor speak with your financial advisor or accountant whether paying off Mello Roos is right for you. If you do not plan on owning the home for more than 10 years, typically, paying off Mello Roos is not worth it. Currently, a paid off Mello Roos does not add to the home’s value therefor you will only save if you own your home for longer than (on average) 10 years.

Lydia Hwang Vosovic
Relocation Specialist

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Lydia Hwang Vosovic

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