What is the average property tax in the newer areas of Irvine?

B

brergnat

Member
I know I can get exact numbers from the OC tax website, but I am just looking for more general numbers to plug into a mortgage calculator. Primarily interested in East Irvine/Great Park/Portola zone.

What are we talking, on average? 1.5%? Higher? (Want to include Mello Roos in the total)

 
1.4-1.75+...really depends on where you're looking.  Believe CVE is lowest, then PS older to newer developments, then GP Pavillion is lowest but probably more than PS and goes up from there by newer neighborhood, Beacon, Parasol, Cadence, Novel, Rise, Altair...
 
Thank you. We live in Cypress Village now and love this side of the 5 freeway (we lived in Westpark previously). We are renting and looking to buy in the next 3-5 years so just trying to get a feel for an accurate monthly payment.
 
Most of TIC developed villages (excluding those big OH homes) consists of base property tax of 1.05% of purchase price of the property plus around $2500-$4000 of "Mello-Roos" (total of both true Mello-Roos and special bonds).  To give you an idea of what's average, here are some examples from Eastwood and Cypress villages.  (Note: Cypress Village East does not have that AD Tax, thus, they have lowest "MR" around.  These tax info were a few year old, some of the bond were refinanced to lower interest rate and the current amount are slightly lower.)

Avalon (EW):
Base: 1.05%
AD Tax: $950
CFD Tax: $1700
Other Tax: $164
Total MR: $2814

Belvedere (EW):
Base: 1.05%
AD Tax: $1350
CFD Tax: $1700
Other Tax: $164
Total MR: $3214

Calistoga (EW):
Base: 1.05%
AD Tax: $1425
CFD Tax: $1700
Other Tax: $406
Total MR: $3531

Helena (EW):
Base: 1.05%
AD Tax: $1050
CFD Tax: $1700
Other Tax: $164
Total MR: $2914

Marin (EW):
Base: 1.05%
AD Tax: $1200
CFD Tax: $1700
Other Tax: $167
Total MR: $3067

Petaluma (EW):
Base: 1.05%
AD Tax: $1150
CFD Tax: $1700
Other Tax: $164
Total MR: $3014

Piedmont (EW):
Base: 1.05%
AD Tax: $1200
CFD Tax: $1700
Other Tax: $167
Total MR: $3067

Marigold (CV):
Base: 1.05%
AD Tax: $1670
CFD Tax: $1700
Other Tax: $160
Total MR: $3530

Jade Court (CV):
Base: 1.05%
AD Tax: $1356
CFD Tax: $1700
Other Tax: $160
Total MR: $3216

Jasmine (CV):
Base: 1.05%
AD Tax: $1571
CFD Tax: $1700
Other Tax: $162
Total MR: $3433

Magnolia (CV):
Base: 1.05%
AD Tax: $1931
CFD Tax: $1700
Other Tax: $160
Total MR: $3791

 
Now for the Great Park neighborhoods, the base tax rate are approximately 1.1% of purchase price of the property but their MR are higher than those TIC villages.  Their MR, CFD special tax are levied based upon the square footage of the home and subject to an increase of 2% per year.

Below are the MR for Candence Park and Novel Park.
 

Attachments

  • Cadence Park MR.jpg
    Cadence Park MR.jpg
    305.4 KB · Views: 236
  • Novel Park MR.jpg
    Novel Park MR.jpg
    316.2 KB · Views: 204
For homes with MR, the more you pay for the house, the lower your property tax % will be.  If I sell you my $1M home for $4M, your property tax will be around 1.15%.

Interested?  :)
 
You must log in or register to reply here.
Back
Top