Author Topic: Mello-Roos of Irvine  (Read 92658 times)

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Offline paperboyNC

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Re: Mello-Roos of Irvine
« Reply #150 on: September 23, 2020, 01:11:05 PM »
Just viewed my 2020-2021 tax bill (http://tax.ocgov.com/tcweb/search_page.asp) and was pleasantly surprised to not see mello-roos IUSD CFD No 86-1 on it. Checked this thread and saw that it expired 9/1/2020!

So I guess most of newer TIC villages will get a drop of a little over $600, sweet!

BUT - didn't your CFD 09-1 amount go UP by about $650?  Looks like the case for me.


Hmmmm...my CFD 09-1 went up by the EXACT amount that fell off for 86-1. That seems...odd.

It's almost like they are hoping no one will complain because the total mello roos didn't change much. Did anyone receive detail on Mello Roos when purchasing? Last time I looked I only got a list of per year / expiration date, but no contract that would be legally binding to take legal action for a violation like this.

Offline Mety

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Re: Mello-Roos of Irvine
« Reply #151 on: September 23, 2020, 02:13:29 PM »
Just viewed my 2020-2021 tax bill (http://tax.ocgov.com/tcweb/search_page.asp) and was pleasantly surprised to not see mello-roos IUSD CFD No 86-1 on it. Checked this thread and saw that it expired 9/1/2020!

So I guess most of newer TIC villages will get a drop of a little over $600, sweet!

BUT - didn't your CFD 09-1 amount go UP by about $650?  Looks like the case for me.


Hmmmm...my CFD 09-1 went up by the EXACT amount that fell off for 86-1. That seems...odd.

It's almost like they are hoping no one will complain because the total mello roos didn't change much. Did anyone receive detail on Mello Roos when purchasing? Last time I looked I only got a list of per year / expiration date, but no contract that would be legally binding to take legal action for a violation like this.

Wow. That’s a pretty shady move, no? Who makes those taxes anyways?

Offline winterblues

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Re: Mello-Roos of Irvine
« Reply #152 on: September 23, 2020, 02:26:39 PM »
It's definitely worth calling that number next to the CFD on the tax bill to see why it went up.

I was very unpleasantly surprised when we bought our Woodbury condo that CFD 04-2A also goes up 2% per year. I thought only the Mello Roos in Great Park went up, but apparently there are CFDs in other neighborhoods that do too.

Offline irvinehomeowner

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Re: Mello-Roos of Irvine
« Reply #153 on: September 23, 2020, 02:39:00 PM »
Mello Roos are NOT taxes. :)
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Offline akkord

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Re: Mello-Roos of Irvine
« Reply #154 on: September 23, 2020, 02:42:24 PM »
Mello Roos are NOT taxes. :)

Wasn't there a lawsuit...and MR can be written off as property taxes...too bad its capped at 10k now. 

Offline irvinehomeowner

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Re: Mello-Roos of Irvine
« Reply #155 on: September 23, 2020, 02:47:27 PM »
Mello Roos are NOT taxes. :)

Wasn't there a lawsuit...and MR can be written off as property taxes...too bad its capped at 10k now. 

Yeah... something about our property tax bill needs to break them out by use or something in order for us to know which are taxes and which are not... not exactly sure.

But according to Prop 13... MRs can't be taxes right? :)
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Offline JadedOne

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Re: Mello-Roos of Irvine
« Reply #156 on: September 23, 2020, 02:59:06 PM »
Mello Roos are NOT taxes. :)

Wasn't there a lawsuit...and MR can be written off as property taxes...too bad its capped at 10k now. 

Yeah... something about our property tax bill needs to break them out by use or something in order for us to know which are taxes and which are not... not exactly sure.

But according to Prop 13... MRs can't be taxes right? :)

I believe the tax bills are broken out into two sections. One section is taxes and the rest, including MR, are "Special Assessment User Fees".

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Offline pjs4x4

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Re: Mello-Roos of Irvine
« Reply #157 on: September 23, 2020, 03:07:05 PM »
Just viewed my 2020-2021 tax bill (http://tax.ocgov.com/tcweb/search_page.asp) and was pleasantly surprised to not see mello-roos IUSD CFD No 86-1 on it. Checked this thread and saw that it expired 9/1/2020!

So I guess most of newer TIC villages will get a drop of a little over $600, sweet!

BUT - didn't your CFD 09-1 amount go UP by about $650?  Looks like the case for me.


Hmmmm...my CFD 09-1 went up by the EXACT amount that fell off for 86-1. That seems...odd.

Same here! One CFD dropped off but other one just went up by a similar amount.

Offline id_rather_be_racing

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Re: Mello-Roos of Irvine
« Reply #158 on: September 23, 2020, 03:17:38 PM »
Yes, I see the expiry of 86-1 is compensated by the hike in 09-1. The net MR is similar as last year, or slightly higher.

This was explicitly communicated to us when we bought our home from CalPac back in 2016.  We were told that even though 86-1 would mature, the amount of MR paid would remain at $1,700 with a hike in 09-1 until the the bond matures, and I'm seeing that on my ptax as well.

Offline winterblues

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Re: Mello-Roos of Irvine
« Reply #159 on: September 23, 2020, 03:36:35 PM »
I believe the tax bills are broken out into two sections. One section is taxes and the rest, including MR, are "Special Assessment User Fees".
[/quote]

Exactly--this is the section I was referring to. Mello Roos are not taxes but do appear on the property tax bill. :)

Offline akkord

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Re: Mello-Roos of Irvine
« Reply #160 on: September 23, 2020, 03:51:49 PM »
Mello Roos are NOT taxes. :)

Wasn't there a lawsuit...and MR can be written off as property taxes...too bad its capped at 10k now. 

Yeah... something about our property tax bill needs to break them out by use or something in order for us to know which are taxes and which are not... not exactly sure.

But according to Prop 13... MRs can't be taxes right? :)

Wonder if the IRS would ever look into exactly where your MR dollars went to say what exactly can and can't be deducted, for an extra ~4k for MR on your filing.

Offline Irvinity

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Re: Mello-Roos of Irvine
« Reply #161 on: September 23, 2020, 05:17:25 PM »
Yes, I see the expiry of 86-1 is compensated by the hike in 09-1. The net MR is similar as last year, or slightly higher.

This was explicitly communicated to us when we bought our home from CalPac back in 2016.  We were told that even though 86-1 would mature, the amount of MR paid would remain at $1,700 with a hike in 09-1 until the the bond matures, and I'm seeing that on my ptax as well.


Yeah, I don't recall builder telling us that MR would drop. So, perhaps, this might be the reason. Thanks for sharing.

Offline irvinehomeowner

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Re: Mello-Roos of Irvine
« Reply #162 on: September 23, 2020, 07:20:08 PM »
It's more than just separating it out on the bill... I think you have actually have to designate the detail of the MRs on what is taxes and what is not.

There was a long thread somewhere here on TI where we discussed how to determine if MRs qualify as a tax or not because many of them are mixed funding between general infrastructure and tract specific improvements.
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Offline aquabliss

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Re: Mello-Roos of Irvine
« Reply #163 on: September 24, 2020, 12:32:36 AM »
I don’t think that matters right now with the SALT deduction maxing out at $10k.  Don’t most/all of us already hit the max with our state income taxes anyhow?  If not, you will definitely hit the max with your state income tax + regular prop tax without MR.

I won’t be deducting my property taxes (or MR) anytime soon.

Offline nosuchreality

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Re: Mello-Roos of Irvine
« Reply #164 on: September 24, 2020, 06:40:59 AM »
It all depends on how you realize your income.

 

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