Mello-Roos of Irvine

ps99472

New member
Thanks to OpenSky's post about comparing MR/HOA

(www.talkirvine.com/index.php/topic,11836.msg233341.html#msg233341),

I got the sudden compulsive urge to find the maturity rate of every Mello-Roos that applies to each village in Irvine.  It took some googling, but in the end my main source of info is from the county website: 
http://ttc.ocgov.com/proptax/infofaq/mello_roos_information,

the two files attached below, and a lot of time to look up the info.  Some villages (i.e. Woodbury)  have Mello-Roos that vary depending on location (also time built).  I also included Tustin villages as comparison.  Remember this is just info on Mello-Roos, the other big chunk of tax on the property tax bill is the 1915 AD BOND and in some instances is double or even triple that of the Mello-Roos.  I have no info on any 1915 AD BOND maturity dates, hopefully Willdan (administrator) will be able to provide the data in the future. 

Gonna start with the most complicated one:  the village of Woodbury.

Mello-Roos R2 applies to all of Woodbury.  It's not bad and it expires on 09/01/20.  It is also the lesser of the two Mello-Roos that are on Woodbury tax bills.  The other one depends on the location.  The worse is Mello-Roos R0, it expires on 09/01/51.  The only Woodbury homes that I found that carries the dreaded R0 are the Montecito homes and the Carmel homes next to it.  These homes are built in 2010.  The next Mello-Roos is R6 and it expires 08-15-15.  It applies to the older homes in Woodbury, like Villa Rosa, Juliet's Balcony, Treo, Garland Park, etc.  These are the homes built before the market crashed.  If I'm not mistaken, these pre-market crash homes will have both Mello-Roos fall off their tax bill in 6 years!  A good deal!  The last Mello-Roos in Woodbury is R7 which expires 09-01-36.  It is attached to Woodbury homes post market crash.  So these apply to Sonoma, San Marino, Santa Barbara, etc. 

Woodbury East has Mello-Roos R2 and R0.

Stonegate has Mello-Roos R2 and R0.

Stonegate East has Mello-Roos R2 and R0.

Northwood II has Mello-Roos R2 and R5 (expires 09-01-36)

Cypress Village has R2 and R0(?), thanks Joe

Portola Springs also have homes with different combination of Mello-Roos.  All the homes have R2.  The older homes have Mello-Roos R8 which expires 09-01-35.  These are the Las Colinas, Serras, etc.  The newer homes have Mello-Roos R0, which includes Las Ventanas, Primrose, etc.

Pavilion Park has R3 (?)

Northwood Pointe has R2.

Westpark has R2

Westpark II has R2

Parklane has R2

Harvard Square has R2

Oak Creek has R2

Orchard Hills has ???

Laguna Altura has R0

Quail Hill has Mello-Roos R3 which expires 09-01-38

Turtle Ridge has R3

Shady Canyon has R3

Northpark has Mello-Roos R4 (Tustin) which expires 09-01-38.

Northpark Square has R4. (Campanile has no Mello-Roos, thanks iacrenter)

West Irvine has R4.

Tustin Ranch has Mello-Roos R3 (Tustin) which expires 09-01-24

Columbus Grove (Irvine) has R1 which expires 09-01-36.  One of (if not) the highest in Irvine.  Per TI member Vinster, bond was refi'd so you should see decreases of around $2000/year with same expiration date

Columbus Grove (Tustin) R2 expires 09-01-37 (this is different than Irvine's R2)

Tustin Field has R1 (different than CG Irvine) which expires 09-01-34

Columbus Square has R2 (Tustin) expires 09-01-37 and R5 (Tustin) expires 09-01-40
 

Attachments

  • COUNTY OF ORANGE MELLO ROOS CFD ISSUANCES.pdf
    41.6 KB · Views: 3,762
  • Mello Roos CFD 2012_Orange County Excerpt.pdf
    574.4 KB · Views: 2,005
Woodbury (All) = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Woodbury (San Marino, Sonoma, etc) = Mello-Roos R7 =  IUSD CFD No 04-2 = 09-01-36

Woodbury (Carmel, Montecito) = Mello-Roos R0 = IUSD CFD No 09-1 = 09-01-51

Woodbury (Juliet's Balc, Portisol, etc) = Mello-Roos R6 = Orange County CFD No 87-1 = 08-15-15

Woodbury East = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Woodbury East = Mello-Roos R0 = IUSD CFD No 09-1 = 09-01-51

Stonegate = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Stonegate = Mello-Roos R0 = IUSD CFD No 09-1 = 09-01-51

Stonegate East = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Stonegate East = Mello-Roos R0 = IUSD CFD No 09-1 = 09-01-51

Portola Springs (All) = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Portola Springs (Las Ventanas, etc) = Mello-Roos R0 = IUSD CFD No 09-1 = 09-01-51

Portola Springs (Las Colinas, Serra, etc) = Mello-Roos R8 = IUSD CFD 06-1 = 09-01-35

Northwood II = Mello-Roos R5 = IUSD CFD No 04-1 = 09-01-36

Northwood II = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Harvard Square = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Parklane = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Northwood Pointe = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Oak Creek = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Westpark = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Westpark II = Mello-Roos R2 = IUSD CFD No 86-1 = 09-01-20

Northpark = Mello-Roos R4 = TUSD CFD No 97-1 = 09-01-38

Northpark Square = Mello-Roos R4 = TUSD CFD No 97-1 = 09-01-38

West Irvine = Mello-Roos R4 = TUSD CFD No 97-1 = 09-01-38

Laguna Altura = Mello-Roos R0 = IUSD CFD No 09-1 = 09-01-51

Quail Hill = Mello-Roos R3 = IUSD CFD No 01-1 = 09-01-38

Shady Canyon = Mello-Roos R3 = IUSD CFD No 01-1 = 09-01-38

Turtle Ridge = Mello-Roos R3 = IUSD CFD No 01-1 = 09-01-38

Columbus Grove (Irvine) = Mello-Roos R1 =  Irvine CFD No 2005-2 = 09-01-36

Columbus Grove (Tustin) = Mello-Roos R2 = Tustin CFD No 06-1 = 09-01-37

Tustin Field = Mello-Roos R1 = Tustin CFD No 04-1 = 09-01-34

Columbus Square = Mello-Roos R2 = Tustin CFD No 06-1 = 09-01-37

Columbus Square = Mello-Roos R5 = TUSD CFD No 06-1 = 09-01-40

Tustin Ranch = Mello-Roos R3 = TUSD CFD No 88-1 = 09-01-24

(?)Pavilion Park = Mello-Roos R3 = IUSD CFD No 01-1 = 09-01-38
 
I believe IUSD can extend the maturity of the bond if necessary.  So we won't know for sure until we get closer to the date.  But at least it's not 2051, I think I'll be dead by then.
 
Why does Carmel and Montecito homes get R0?

All the infrastructure was already in place when these homes were built and the land was originally designated for a middle school. A similar example of in-fill development was the Campanile tract in NP Square--no mello-roos. The land was originally designated for a school but they built homes in the area in 2007.

Campanile home on the market:http://www.redfin.com/CA/Irvine/22-Spyrock-92602/home/7203053
 
TUSD must've overlooked the Campanile development.  The other CalPac development, Mericort down the street closer to the 5, carries TUSD's Mello-Roos R4. 
 
As to why Carmel/Montecito gets R0,wasn't it up to the then current Woodbury owners to decide what to fill in at that location?  Maybe they chose those ugly motorcourts because they will fund a huge portion of IUSD for the future.  My neighbor gets taxed, I don't, our kids go to the same school, fuck yeah.
 
It just feels so arbitrary in regards to the bond terms/amounts for areas. Places likes Willow Bend in Univ Park and Branches in Woodbridge get no MR but Carmel/Montecito got stuck with R0.

Maybe the WB land was designated for a school but wasn't transferred to IUSD yet. Speculation on my part: TIC created a sweetheart deal allowing TIC to charge R0 plus they threw in money/land to move the middle school to the current CV location.

Then I see pure greed over at OH by TUSD. $200M+ in bonds!!!http://www.talkirvine.com/index.php/topic,10941.msg214219.html#msg214219
 
I'm a homeowner in CV, and here's my MR:

District 11-24, $1931/year, no end date listed
District 86-1, $685/year through 2019-2020 (school)
District 09-1, $1700/year through 2059-2060 (public facilities)

Not sure about the R-number. Nothing like that is listed on my contract.

Comes out to about $300/month after that school one expires in 5 years. Hope that first one expires eventually.
 
@Joe, I'm pretty sure you have R2 which expires 09/01/20, the first one is probably R0, we'll find out when CV residents gets their official tax letter from the county.  The last one is your 1915 AD Bond, so I guess that ends in 2060???
 
Thanks, its so hard to find detailed info on MR
.
It says "no later than" 2060. I hope it's a lot sooner, otherwise I will have paid off a 30-year mortgage SEVENTEEN YEARS before it expires!

Actually, with inflation, it won't be much money at all by 2060!
 
Joe61022 said:
Thanks, its so hard to find detailed info on MR
.
It says "no later than" 2060. I hope it's a lot sooner, otherwise I will have paid off a 30-year mortgage SEVENTEEN YEARS before it expires!

Actually, with inflation, it won't be much money at all by 2060!

A lot of the newer mello Roos increase 2% per year. My MR is about 6600, in 26 years when it's done it will be about 11,000 per year.
 
qwerty said:
Joe61022 said:
Thanks, its so hard to find detailed info on MR
.
It says "no later than" 2060. I hope it's a lot sooner, otherwise I will have paid off a 30-year mortgage SEVENTEEN YEARS before it expires!

Actually, with inflation, it won't be much money at all by 2060!

A lot of the newer mello Roos increase 2% per year. My MR is about 6600, in 26 years when it's done it will be about 11,000 per year.

IHS and Opensky should thank you for all your contributions to TUSD!  You're an asset to the community, willing to get taxed without representation.  All iPads should be engraved "courtesy of the BAT"

 
iacrenter said:
It just feels so arbitrary in regards to the bond terms/amounts for areas. Places likes Willow Bend in Univ Park and Branches in Woodbridge get no MR but Carmel/Montecito got stuck with R0.

Maybe the WB land was designated for a school but wasn't transferred to IUSD yet. Speculation on my part: TIC created a sweetheart deal allowing TIC to charge R0 plus they threw in money/land to move the middle school to the current CV location.

Then I see pure greed over at OH by TUSD. $200M+ in bonds!!!http://www.talkirvine.com/index.php/topic,10941.msg214219.html#msg214219

Yeah that new OH bond is gonna be killer, probably matures in 2050 and beyond given TUSD's track record on issuing 40 year old Mello-Roos.  It makes TIC's $600k donation (0.3%!) look like chump change.  Every valedictorian speech from now on at TUSD graduations should always thank the "fat cats on the hill" for their contribution. 
 
Joe61022 said:
I'm a homeowner in CV, and here's my MR:

District 11-24, $1931/year, no end date listed
District 86-1, $685/year through 2019-2020 (school)
District 09-1, $1700/year through 2059-2060 (public facilities)

Not sure about the R-number. Nothing like that is listed on my contract.

Comes out to about $300/month after that school one expires in 5 years. Hope that first one expires eventually.

Hey Joe, if possible, can you forward me the info on your contract at Cypress Village regarding Mello-Roos?  Curious what the District 11-24 is.... Mello-Roos or 1915 AD Bond? 
 
Gotta be mindful... Some of these MRs can continue on.  When I was shopping for home at PS I asked about expiration dates... They told me to just expect to pay it forever. Lol
 
Back
Top