[quote=svelte] . . . I don’t think anyone but you thought that all houses in the cities listed had property taxes exactly at those rates. Some homes have mello-roos in each of those cities. Some areas of those cities have assessed themselves a wee bit more for a new school.
But the base rates are as listed.[/quote]
svelte, I just checked a tax bill on a property in the “Windingwalk” community of Otay Ranch to determine how the Mello Roos Bonds are billed.
This property is “back on the market” listed at $300K (short sale?) after a successful reassessment from $383K to $310K. It is 1491 sf and has a $107 mo. HOA Fee – “lot” size unk. Along with the heretofore mentioned 18 voter-passed school bonds, there is $53.02 of common fixed assessments.
The MR Bonds are NOT part of the tax rate but identified separately under the fixed assessments as CFD [description]. On this property, there are six Community Facilities Districts (CFD’s) totaling $3,115.46 annually.
Naturally, these owners have not pd. either installment for F/Y 09/10 and are not taking the HOEX (moved out?). What do you want to bet the bank is asking the next buyer to “cure the back taxes?” After falling out of escrow, it’s been on the market 235 days – LOL.
The total tax bill on this smallish nondescript cracker box on a tiny lot is $7,315.50, AFTER it was successfully appealed (or reassessed) to $310K! Total “effective tax rate” after MR is added on is 2.359% . . . and don’t forget to add the mo. HOA dues of $107.
So-o-o-o-o-o not worth it. For the life of me, I don’t know what the “draw” was for these thousands of owners that bought down there in recent years.
