I thought we were doing apples to apples comparison and not apples to oranges comparison. MR at Summit is around $5k while MR at Altair is around $20k. There is a $15k difference for a property that costs that same at Summit and Altair, specifically on at $5M. So let me lay it out for you.
$5M at Summit = total property taxes at $55k.
$5M at Altair = total property taxes at $70k.
If we go to the $6M comparison, then it gets worse since those $6M homes in Altair will probably have MR at $25k. Then there's a $20k difference.
MR at Great Park increases according to home size. The bigger the home, the more MR. MR in the rest of north Irvine is fixed, SG, EW, OH, and PS, are about $4k while Summit is about $5k.
