ChasingRainbows
Member
Does anyone know the R# of Orchard Hills Mello-Roos? Thanks.
Mello-Roos of Irvine
- Thread starter ps99472
- Start date
NEW -> Contingent Buyer Assistance Program
Not sure if land o' lakes/test posted these yet but came across them from the irvinequickrecords site. Kinda makes me feel a little better about Beacon Park's MR (http://www.talkirvine.com/index.php/topic,12183.msg242675.html#msg242675). Gonna nickname area 6 as "Tombstone" for now since I don't believe it has an official name yet. If the cemetery gets built it will be directly south of this area. Don't recall since LONL nuked his thread titles, but this Tombstone area has less detached housing? and more attached housing?
Got the answer. The 50% jump on 1915-AD was because for 2015-2016 tax year a credit (from developer?) was applied which has now expired. For future years the tax amount would be similar and potentially subject to the 2% increase. This year the Tustin CFD 14-1 portion of the mello roos did go up by 2%, so Groves is similar to the Five Point communities.
ChasingRainbows
Member
Non-gated side and IUSD.
thelandofnoland
New member
Please contact me athttp://thenewhomeblog.wix.com/the-new-home-blogfor more information on the original post. Thank you.
ChasingRainbows
Member
Thanks for the clarification that CFD Tax consists of two items. The Strada info sheet shows:
IUSD
AD Tax: $2650/year
CFD Tax: $1700/year
Other Taxes: $162/year
TUSD
AD Tax: $2650/year
CFD Tax (2014-2015 tax year): $1800-$2350/year
Other Taxes: $104/year
AD Tax is the 1915 AD Bond? Does this one expire in 2031?
IUSD
AD Tax: $2650/year
CFD Tax: $1700/year
Other Taxes: $162/year
TUSD
AD Tax: $2650/year
CFD Tax (2014-2015 tax year): $1800-$2350/year
Other Taxes: $104/year
AD Tax is the 1915 AD Bond? Does this one expire in 2031?
SubSolar
Active member
I purchased a Jasmine Cypress Village home in July and we moved in last September. I haven't gotten any Mella Roos bill yet at either the new address or our old apartment (cause it forwards). Have paid the regular taxes ($800 something at purchase, then again a couple months ago). How often and when are you supposed to get the Mella Roos bill? Which website or who would I call to find out if the bill got lost or is due?
ps99472
New member
http://tax.ocgov.com/tcweb/search_page.asp
I have this bookmarked in my browser, careful though, some of the supplemental bills are the builders responsibility. Check with your closing escrow agent. They should be able to tell you.
I have this bookmarked in my browser, careful though, some of the supplemental bills are the builders responsibility. Check with your closing escrow agent. They should be able to tell you.
J
jmoney74
Guest
They sent mine in really late. LENNAR wrote me a letter. Just got it two months ago. Bought last May.
ps99472
New member
Not sure if land o' lakes/test posted these yet but came across them from the irvinequickrecords site. Kinda makes me feel a little better about Beacon Park's MR (http://www.talkirvine.com/index.php/topic,12183.msg242675.html#msg242675). Gonna nickname area 6 as "Tombstone" for now since I don't believe it has an official name yet. If the cemetery gets built it will be directly south of this area. Don't recall since LONL nuked his thread titles, but this Tombstone area has less detached housing? and more attached housing?
irvinehomeowner
Well-known member
In new home developments, MRs can actually increase.
#Prop13Cheat
#Prop13Cheat
I don't want continue to hijack the Belvedere discussion so continue the 2% MR tax increase discussion here.
I wonder if the disclosure is different between the Strada in IUSD side and TUSD side since there's significant difference in the CFD tax between the two Stradas.
DrTravel said:
I wonder if the disclosure is different between the Strada in IUSD side and TUSD side since there's significant difference in the CFD tax between the two Stradas.
Attachments
Is MR tax deductible in irvine? I'm getting yes' and no's
MR Wiki:
There is conflicting information on whether Mello-Roos taxes are deductible from federal and state income taxes. In general, only "ad valorem" property taxes (based on the value of the property) are deductible. Mello-Roos taxes are not ad valorem property taxes, but rather are generally flat parcel taxes. However, the IRS has stated that:
"Assessments on real property owners, based other than on the assessed value of the property, may be deductible if they are levied for the general public welfare by a proper taxing authority at a like rate on owners of all properties in the taxing authority?s jurisdiction, and if the assessments are not for local benefits (unless for maintenance or interest charges)." [4]
California uses the federal standard for deductibility of property taxes on state income tax. [5] In either case, the taxpayer has the burden to establish that the deduction of Mello-Roos taxes falls under these criteria.
MR Wiki:
There is conflicting information on whether Mello-Roos taxes are deductible from federal and state income taxes. In general, only "ad valorem" property taxes (based on the value of the property) are deductible. Mello-Roos taxes are not ad valorem property taxes, but rather are generally flat parcel taxes. However, the IRS has stated that:
"Assessments on real property owners, based other than on the assessed value of the property, may be deductible if they are levied for the general public welfare by a proper taxing authority at a like rate on owners of all properties in the taxing authority?s jurisdiction, and if the assessments are not for local benefits (unless for maintenance or interest charges)." [4]
California uses the federal standard for deductibility of property taxes on state income tax. [5] In either case, the taxpayer has the burden to establish that the deduction of Mello-Roos taxes falls under these criteria.
irvinehomeowner
Well-known member
Technically MRs are not tax deductible but there is a Fed/IRS ruling somewhere that says they are.
Something about the taxing agencies not being able to properly show the homeowner which ones are deductible and which ones aren't.
We have argued about this for quite a while and in the end, it's what the IRS says.
Something about the taxing agencies not being able to properly show the homeowner which ones are deductible and which ones aren't.
We have argued about this for quite a while and in the end, it's what the IRS says.
Irvine Turtle
New member
OH Groves 1915 AD Bond Property Tax jumped 50% this year. Anyone on the non-gated side see similar jump?
Ready2Downsize
Well-known member
I thought that mello didn't increase in OH and PP but looking at a random sample of homes that have info for more than a year it looks like they do go up 2% a year.
Irvine Turtle
New member
Irvine Turtle said:
Got the answer. The 50% jump on 1915-AD was because for 2015-2016 tax year a credit (from developer?) was applied which has now expired. For future years the tax amount would be similar and potentially subject to the 2% increase. This year the Tustin CFD 14-1 portion of the mello roos did go up by 2%, so Groves is similar to the Five Point communities.
That is because the other areas don't properly disclose the fact that mella roos can go up by 2%. It is a misnomer that only Great Park's compound at 2% per year. The other areas can also increase. That is all subject to obviously whomever is responsible / has approval to pull them up.Ready2Downsize said: