[quote=bearishgurl]flu, these “fixed charge assessments” (FCA’s) are charged to every parcel in the county. For the MM condo, they are $30.36 per yr. For a typical SFR assessed at about $300K, they are about $40 to $43 per yr.
The “Voter-Approved Bonds” (VAB’s) on the MM condo come to only $225.12 per yr.
VOTER APPROVED BONDS:
UNIFIED BOND SAN DIEGO 1999A NET 0.00809 16.15
UNIFIED BOND SAN DIEGO 2000B NET 0.00614 12.26
UNIFIED BOND SAN DIEGO 2001C NET 0.00766 15.29
UNIFIED BOND SAN DIEGO 2002D NET 0.00985 19.66
UNIFIED BOND SAN DIEGO 2003E NET 0.01420 28.35
UNIFIED BOND SAN DIEGO SERIES 1998F REFUNDING NET 0.00312 6.23
UNIFIED BOND SAN DIEGO SERIES 1998G REFUNDING NET 0.00429 8.56
UNIFIED BOND SAN DIEGO 2006 SERIES F-1 REFUNDING NET 0.00430 8.58
UNIFIED BOND SAN DIEGO 2005 SERIES G-1 REFUNDING NET 0.00353 7.04
UNIF BOND SAN DIEGO-PROP S 11/04/08, SERIES 2009A NET 0.00099 1.97
UNIF BOND SAN DIEGO-PROP S 11/04/08, SERIES 2009B NET 0.00453 9.04
UNIF BOND SAN DIEGO-PROP S 11/04/08, SERIES 2010C NET 0.00000 0.00
UNIF BOND SAN DIEGO-PROP S 11/04/08, 2010D QSCB NET 0.00000 0.00
SAN DIEGO COMM COLL-PROP S 11/05/02, SERIES 2003A NET 0.00117 2.33
SAN DIEGO COMM COLL-PROP S 11/05/02, SERIES 2003B NET 0.01033 20.62
SAN DIEGO COMM COLL-PROP N 11/07/06, SERIES 2006A NET 0.00944 18.84
SAN DIEGO COMM COLL-PROP S 11/05/02, SERIES 2009C NET 0.00397 7.92
SAN DIEGO COMM COLL-PROP S 11/05/02, SER 2011 REF NET 0.00089 1.77
SAN DIEGO COMM COLL-PROP N 11/07/06, SERIES 2011 NET 0.00679 13.55
SAN DIEGO COMM COLL-PROP S 11/05/02, SERIES 2011 NET 0.00481 9.60
SAN DIEGO CITY OPEN SPACE FACILITY DIST NO. 1 D/S NET 0.00000 0.00
SAN DIEGO CITY ZOOLOGICAL EXHIBITS – DEBT SERVICE NET 0.00500 9.98
SAN DIEGO CITY PUBLIC SAFETY COMM SYS – DEBT SERV NET 0.00000 0.00
MWD D/S REMAINDER OF SDCWA 15019999 NET 0.00370 7.38
The total of FCA’s and VAB’s is $255.48. Since the condo is only assessed at ~$200K, that is 13% of the base tax. But on a typical MM SFR assessed at $350K … it’s only 7.3% of the tax … and progressively less of a percentage the higher the assessed value of the property, assuming the same amount of MR is charged to every parcel in the CFD.
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Stop with the rest of the argument. Because I think there is a math problem right here in your explanation of VAB’s
[quote] The total of FCA’s and VAB’s is $255.48. Since the condo is only assessed at ~$200K, that is 13% of the base tax. But on a typical MM SFR assessed at $350K … it’s only 7.3% of the tax … and progressively less of a percentage the higher the assessed value of the property, assuming the same amount of MR is charged to every parcel in the CFD.
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VAB’s are assessed as a percentage of assessed value, not as a fixed rate. So in your quoted example, $255 is NOT going to be the assessed value for a SFH… Those charges consistently the same percentage of assessed value. Afterall, they aren’t fixed charge…..Right????
Take a look at the assessed condo in MM I listed and compare that to what AN said his assessment is for SFH. Fundamentally there is almost no difference.
1.13% for condo 1.11% for SFH…So those special bonds are applied at the same percentage to SFH or non SFH and they don’t decrease in percentage if your assessed value is larger….. right?????
I’m making this argument in response to a few arguments before in which some folks said why would one want to live in north county where it predominately has MR, when they can live in the parts of the county (insert your favorite non-north county/older city) that has no MR…What wasn’t apparent to me is those parts of the county have VAB’s where my part of the county doesn’t. So it’s a near wash in terms of taxes paid for the prices of homes that I live in now..And if I ever live in a 2+million mcmansion, it actually works out better if the property is in CarmelV versus ChulaV or MM (if you just consider the property taxes alone, assuming you could even find a home worth 2+million in ChulaV or MM) because the VAB on a 2+million assessed home in ChulaV or MM would end up being more than the fixed MR in CarmelV and CarmelV would have no VAB.
