I agree most of 92127 zip code has higher MR taxes. I’m reasonably confident the schools in this school district will continue to do well over the long-term.
I might consider paying off the MR taxes. We will definitely be in the home for the long haul. Our kids are young and we plan to live in the house until they finish high school. Our youngest is 2 years old so needless to say we have a long while to go!
I don’t feel too much pressure on the MR fees. I think most buying in this area aren’t broken one way or the other by MR fees. Yes, it sucks paying it but it’s not going to make or break me. I personally feel it’s still worth paying the MR fees to live where we do. Others may disagree. I think it’s a very personal decision.
Someone PM’ed me a while ago that was looking in the Santaluz development that they called to check on the pay off amounts for the Mello Roos taxes.
I hope they don’t mind I’m posting it below as I find it’s very educational and will benefit others. (Here is what they wrote below in quotes between the lines).
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“The other thing is I just called and talked directly with the city tax assessors and companies managing the mello roos. FYI, the CFD#2 which is the main one is on a 30 years bond which started in 2000 and ends 2030.
To calculate the pay off amount on your property will cost $500. The CFD#4 which is the Poway Unified is on a 40 years bond. They charge $100 to calculate the pay off amount, but will deduct it from your actual pay off if you choose to do so.
Since you are planning to live there for a while, you may want to consider paying off the CFD#2. Here are their numbers if you are interested in the actual calculation for your parcel.
CFD #2: 949.955.1500
CFD#4: 877.250.1503 or direct 949.250.8300
(picked up # when they called me back.)
I did the math, it’s worth while to pay off the CFD#2 but not #4. But of course you can do your own calculations.”
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I have been busy so I haven’t bothered yet to do this. Plus wasn’t excited about paying $500 to get the pay-off amount. But I will probably end up doing this as we plan to be in the house for the long haul.
