Belvedere at Eastwood
- Thread starter MYOB
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NEW -> Contingent Buyer Assistance Program
may be Paris, Goriot, and NY to OC can verify but when OH Groves opened I remember specifically asking about the possibility of MR increasing by 2% and the sales people telling me yes.
yes, the disclosure at OH is that Mello Roos can increase 2% every year. I called the tustin tax assessor and asked what's the difference between "can" and "will" and they said to basically assume that it will go up by the maximum 2% per year, although it may not always be the case. (since when does the govt not tax you the maximum amount allowable?)
You think Hilary doesn't like to tax also?
Apparently everyone except Perspective. Maybe he needs to back and do some doc review.
I looked up tax recors for certain random SG property for last three years.
The whole MR is made up of three parts. The two parts IUSD CFD 09-1 and 86-1 remained the same through all 3 years. The 1915 AD BOND PH went like $1918, $1919, $1684 for 2014, 2015 and 2016 respectively.
Could it be that some portions of the MR can vary and go up by 2%, but not whole MR?
That's what I was thinking too.
Not all components of the MR need to increase every year and it's just the law that restrict MR increase to no more than 2% to protect homeowners. It's just that it is not clear which part of MR can and will increase and which part of MR will not.
Looks like it. Words from our Tustin Legacy resident.
I've attached the legal disclosure about the three Mello Roos components for Strada. No mention of any possible increase plus it gives dates when certain "taxes" go away.
Irvine Dream
New member
lnc said:
may be Paris, Goriot, and NY to OC can verify but when OH Groves opened I remember specifically asking about the possibility of MR increasing by 2% and the sales people telling me yes.
More reading into this 2% thing and more confuse it get.
Anyone familiar with 2% escalator on CFD taxes?
Did a little digging about that potential max 2% CFD tax increase per year and come across that some CFDs that pay for ongoing services have either a 2% or CPI (the consumer price index) escalator on the maximum special tax. Looks like the 2% that we are taking about in Irvine is this 2% escalator thing on the CFD.
Each neighborhood's MR comprised of various type of CFD bonds. See here:http://www.talkirvine.com/index.php/topic,11860.0.html
Not sure if all these bonds are subject to max. 2% increase or just some of them.
Anyone familiar with 2% escalator on CFD taxes?
Did a little digging about that potential max 2% CFD tax increase per year and come across that some CFDs that pay for ongoing services have either a 2% or CPI (the consumer price index) escalator on the maximum special tax. Looks like the 2% that we are taking about in Irvine is this 2% escalator thing on the CFD.
Each neighborhood's MR comprised of various type of CFD bonds. See here:http://www.talkirvine.com/index.php/topic,11860.0.html
Not sure if all these bonds are subject to max. 2% increase or just some of them.
Irvine Dream said:
yes, the disclosure at OH is that Mello Roos can increase 2% every year. I called the tustin tax assessor and asked what's the difference between "can" and "will" and they said to basically assume that it will go up by the maximum 2% per year, although it may not always be the case. (since when does the govt not tax you the maximum amount allowable?)
Paris167
New member
nyc to oc said:Irvine Dream said:
Correct. We're assuming a 2% increase as well. Ugh, I hate taxes :God help Irvine if "the Bern" assumes office
yes, the disclosure at OH is that Mello Roos can increase 2% every year. I called the tustin tax assessor and asked what's the difference between "can" and "will" and they said to basically assume that it will go up by the maximum 2% per year, although it may not always be the case. (since when does the govt not tax you the maximum amount allowable?)
Paris said:nyc to oc said:Irvine Dream said:
Correct. We're assuming a 2% increase as well. Ugh, I hate taxes :
yes, the disclosure at OH is that Mello Roos can increase 2% every year. I called the tustin tax assessor and asked what's the difference between "can" and "will" and they said to basically assume that it will go up by the maximum 2% per year, although it may not always be the case. (since when does the govt not tax you the maximum amount allowable?)
You think Hilary doesn't like to tax also?
More I search on the web, more it seems that all MR can increase up to 2% per year and does not look like this is something new. Look like this 2% increase limit was always there at the inception of MR back in 1982.
And if that's correct, that means we all in the same boat as PP and BP forks.
And if that's correct, that means we all in the same boat as PP and BP forks.
lnc said:More I search on the web, more it seems that all MR can increase up to 2% per year and does not look like this is something new. Look like this 2% increase limit was always there at the inception of MR back in 1982.
And if that's correct, that means we all in the same boat as PP and BP forks.
Apparently everyone except Perspective. Maybe he needs to back and do some doc review.
Cornflakes
Active member
lnc said:More I search on the web, more it seems that all MR can increase up to 2% per year and does not look like this is something new. Look like this 2% increase limit was always there at the inception of MR back in 1982.
And if that's correct, that means we all in the same boat as PP and BP forks.
I looked up tax recors for certain random SG property for last three years.
The whole MR is made up of three parts. The two parts IUSD CFD 09-1 and 86-1 remained the same through all 3 years. The 1915 AD BOND PH went like $1918, $1919, $1684 for 2014, 2015 and 2016 respectively.
Could it be that some portions of the MR can vary and go up by 2%, but not whole MR?
Actual numbers for a home in Stonegate
2012-2013 2013-2014 2014-2015 2015-1026
CFD 09-1 1077.55 1077.55 1077.55 1077.55
CFD 86-1 622.45 622.45 622.45 622.45
1915 AD Bond PH 1720.18 1720.28 1721.32 1511.16
Note that prior to 2014-2015 CFD 09-01 was called Mello Roos R0 and CFD 86-1 was called Mello Roos R2.
The 1915 AD Bond actually went down due to a refinance.
2012-2013 2013-2014 2014-2015 2015-1026
CFD 09-1 1077.55 1077.55 1077.55 1077.55
CFD 86-1 622.45 622.45 622.45 622.45
1915 AD Bond PH 1720.18 1720.28 1721.32 1511.16
Note that prior to 2014-2015 CFD 09-01 was called Mello Roos R0 and CFD 86-1 was called Mello Roos R2.
The 1915 AD Bond actually went down due to a refinance.
Cornflakes said:lnc said:More I search on the web, more it seems that all MR can increase up to 2% per year and does not look like this is something new. Look like this 2% increase limit was always there at the inception of MR back in 1982.
And if that's correct, that means we all in the same boat as PP and BP forks.
I looked up tax recors for certain random SG property for last three years.
The whole MR is made up of three parts. The two parts IUSD CFD 09-1 and 86-1 remained the same through all 3 years. The 1915 AD BOND PH went like $1918, $1919, $1684 for 2014, 2015 and 2016 respectively.
Could it be that some portions of the MR can vary and go up by 2%, but not whole MR?
That's what I was thinking too.
Not all components of the MR need to increase every year and it's just the law that restrict MR increase to no more than 2% to protect homeowners. It's just that it is not clear which part of MR can and will increase and which part of MR will not.
lovingit said:
Looks like it. Words from our Tustin Legacy resident.
http://www.talkirvine.com/index.php/topic,11860.msg234043.html#msg234043qwerty said:
lnc said:Cornflakes said:lnc said:More I search on the web, more it seems that all MR can increase up to 2% per year and does not look like this is something new. Look like this 2% increase limit was always there at the inception of MR back in 1982.
And if that's correct, that means we all in the same boat as PP and BP forks.
I looked up tax recors for certain random SG property for last three years.
The whole MR is made up of three parts. The two parts IUSD CFD 09-1 and 86-1 remained the same through all 3 years. The 1915 AD BOND PH went like $1918, $1919, $1684 for 2014, 2015 and 2016 respectively.
Could it be that some portions of the MR can vary and go up by 2%, but not whole MR?
That's what I was thinking too.
Not all components of the MR need to increase every year and it's just the law that restrict MR increase to no more than 2% to protect homeowners. It's just that it is not clear which part of MR can and will increase and which part of MR will not.
I've attached the legal disclosure about the three Mello Roos components for Strada. No mention of any possible increase plus it gives dates when certain "taxes" go away.
Today I saw a lot of people at Belvedere, Piedmont and Helena. These 3 tracts will be open next Sat.
One different thing I found is, Belvedere mentions that HOA will cover front yard while Piedmont sales said front yard need to be take care by homeowners themselves. Is this a common case in Stonegate?
One different thing I found is, Belvedere mentions that HOA will cover front yard while Piedmont sales said front yard need to be take care by homeowners themselves. Is this a common case in Stonegate?
Goriot said: