[quote=bearishgurl]In Eastlake Hills (91913 – circa ’87-92), I believe the MR were apportioned acc to the sq footage of the home. Actually, most of these MR bonds were 20 yr and are now retired. These owners still have two HOA’s to pay mo dues to, however, or they can choose to pay the Master Assn annually.
In several tracts of Rancho Del Rey (91910 – circa ’91-92), this MR used for “street bonds” around the approx four mile circle was also for 20 years and I believe this MR was also apportioned to owners depending on their sq footage (not sure, going to check on this one.
flu, the MR in parts of 91914 and all of 91915 is HUGE. In many cases, it amounts to more than 2.73% of assessed value, when added into the Prop 13 portion of the tax! This is really wacky for those properties just 1400-1700 sf on a 3400 sf lot. The MR + taxes + 2 HOA dues are often MORE per month than the P&I + annual insurance premium. Remember that these areas ALSO pay all those “voter approved” school bonds you see on the tax bill + the MR for their *new* schools![/quote]
Yes i understand that there are some areas with MR and special assessments. But I was led to believe that all places with MR will end up paying more taxes than areas without MR. But I’m finding out that’s not true. There appears to be a non-trivial amount of homes in NorthCounty that have MR but no special assessments.
And purely from my personal preference, I personally would rather pay my portion of Mello Ruse that mostly goes directly to the schools that my kid uses now or will use in a few years, than to pay special bond taxes that ends up going to special interests, schools, and community colleges that I am almost 99% sure will not be used my either me or people in my family…
Because if it means that those MR payments (which isn’t necessarily *that* much more than special bond assessments in other areas) end up funding 80%+ of the local schools my kid directly uses, such that they don’t heavily depend on the state budget (for which teachers are not going to be as vulnerable to layoffs, closures, when the state budget gets trimmed even further)…for me (personally), it seems like my tax dollars are better spent this way than funding some special bond that goes to some thing that my family and I have no direct benefit….
