Mello-Roos/Community Facilities Districts
Mello-Roos is a form of financing that can be used by cities, counties, and special districts (such as school districts). Mello-Roos or Community Facilities Districts (referred to as "CFDs") raise money through special taxes that must be approved by 2/3rds of the voters within the district. A CFD is formed to finance major improvements and services within the District. The taxes are secured by a continuing lien and are levied annually against property within the District.
The District's current CFDs are #5 and #6. As of the 2023-2024 fiscal year, the CFD 5 tax is no longer being assessed. The final CFD 5 bonds and assessment are scheduled to be retired by August 2025. The CFD 6 tax assessment of $0.43 per square foot will continue through the 2025-2026 fiscal year. There are no exemptions to this tax.