MR at Cadence Park

NEW -> Contingent Buyer Assistance Program
Burn That Belly said:
aquabliss said:
My effective tax rate at GP is about 1.18%... may not be typical but similar to my neighbors :)
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How's that possible? Which neighborhood?  Thought you guys have a minimum $4-6K MR on top of the 1.0% base.
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Going to guess he is referring to his current property value.
 
Burn That Belly said:
aquabliss said:
My effective tax rate at GP is about 1.18%... may not be typical but similar to my neighbors :)
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How's that possible? Which neighborhood?  Thought you guys have a minimum $4-6K MR on top of the 1.0% base.
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Bought in Phase 1, negotiated well, added square footage.  Yes base MR was about 6k. 

Current property tax is about 1.18% of homes current value.  Of course this is pre tent-city, now it's anyone's guess.
 
aquabliss said:
Bought in Phase 1, negotiated well, added square footage.  Yes base MR was about 6k. 

Current property tax is about 1.18% of homes current value.  Of course this is pre tent-city, now it's anyone's guess.
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Haha sorry ID.  I bought a standing inventory home that was mostly spec?d by either the buyer who dropped out or the builder.  They wanted it marked as sold before P2 released so it was already discounted and i asked for more (they agreed) with a 45 day close, and it included upgraded appliances, built in fridge, recessed lighting and fan jbox in all bedrooms, plus a few other things.
 
This just illuminates my disdain for MRs.

While it makes sense that GP should be higher because they have to build out more infrastructure, there are also more homes than the TIC hoods so by volume it shouldn't be as high... but I guess GP is less dense (irvinecommuter!) so per sft of land, that is a contributing factor to higher MRs.
 
Burn That Belly said:
irvinehomeowner said:
This just illuminates my disdain for MRs.

While it makes sense that GP should be higher because they have to build out more infrastructure, there are also more homes than the TIC hoods so by volume it shouldn't be as high... but I guess GP is less dense (irvinecommuter!) so per sft of land, that is a contributing factor to higher MRs.
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Well let me amplify your disdain again with the following quote:

"The bonds must be paid back by 2049 through special taxes collected annually on property tax bills, according to a city staff report. Residents will continue to pay the taxes even after the bonds are paid off to help fund the operations and maintenance of the Great Park, city spokesman Craig Reem said."

It?s not about density or special math. It?s about modern corruption at its finest. The city has found a way to get modern homebuyers to pay into their slush fund indefinitely.
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Gotta find a way to cover those dang freeloaders with no more MR!
 
This is an interesting material discovery to me. Where can I get more info that Cadence Park (or all Great Park) will have a 2% increase on MR every year?
 
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