Property Taxes and Mello Roos

[vagabondo]

I have a couple of questions I hope some of you can help me understand. How did California make it before Mello Roos? And where in the world does all the property tax dollars go?

I moved from the east coast to SD in Sep 06. I lived in an area (Main Line of Philly) that had similar prop values to where I live now (Santa Monica development in Santa Luz). However, we did not have MR in Philly. For perspective, we sold our home for over $1MM before we came to SD and our prop taxes were around $7400/yr. This is a common assessment number for the Main Line area. And by the way, in the past 5 years two schools were build for an average $50MM a pop.

The home we are living (renting) in now sold for ~$1.2MM in 04 and prop taxes with MR is +$20K/yr. Prop 13 says the tax on this home is ~$12k annually. How is it that the public schools are experiencing a revenue shortfall for building/maintaining/infrastructure and why are teachers “underpaid” with such deep property tax pockets?

[jpinpb]

Such an excellent question. I guess San Diego is not only “mismanged,” but also the State of California

[jpinpb]

Such an excellent question. I guess San Diego is not only “mismanged,” but also the State of California

[jpinpb]

Such an excellent question. I guess San Diego is not only “mismanged,” but also the State of California

[jpinpb]

Such an excellent question. I guess San Diego is not only “mismanged,” but also the State of California

[jpinpb]

Such an excellent question. I guess San Diego is not only “mismanged,” but also the State of California

[NeetaT]

No matter what the surface reasons may appear to be, there is only one underlying reason for the tax situation and that is greed in the form of one big skimming operation. I say do not lend credence to all the pretexts that are promulgated by the state. I wonder what the county tax assessor pays in property tax?

[NeetaT]

No matter what the surface reasons may appear to be, there is only one underlying reason for the tax situation and that is greed in the form of one big skimming operation. I say do not lend credence to all the pretexts that are promulgated by the state. I wonder what the county tax assessor pays in property tax?

[NeetaT]

No matter what the surface reasons may appear to be, there is only one underlying reason for the tax situation and that is greed in the form of one big skimming operation. I say do not lend credence to all the pretexts that are promulgated by the state. I wonder what the county tax assessor pays in property tax?

[NeetaT]

No matter what the surface reasons may appear to be, there is only one underlying reason for the tax situation and that is greed in the form of one big skimming operation. I say do not lend credence to all the pretexts that are promulgated by the state. I wonder what the county tax assessor pays in property tax?

[NeetaT]

No matter what the surface reasons may appear to be, there is only one underlying reason for the tax situation and that is greed in the form of one big skimming operation. I say do not lend credence to all the pretexts that are promulgated by the state. I wonder what the county tax assessor pays in property tax?

[Anonymous]

Go out into the forest and overturn a rotten log, see the millions of creepy crawlies embedded in the underside of the log, feeding and surviving on the rotten wood. That is the CA finances. 🙂

[Anonymous]

Go out into the forest and overturn a rotten log, see the millions of creepy crawlies embedded in the underside of the log, feeding and surviving on the rotten wood. That is the CA finances. 🙂

[Anonymous]

Go out into the forest and overturn a rotten log, see the millions of creepy crawlies embedded in the underside of the log, feeding and surviving on the rotten wood. That is the CA finances. 🙂

[Anonymous]

Go out into the forest and overturn a rotten log, see the millions of creepy crawlies embedded in the underside of the log, feeding and surviving on the rotten wood. That is the CA finances. 🙂

[Author]

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