| Below is general discussion of various
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| | In addition to the 1% tax rate allowed by
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| factors impacting property taxes in San
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| | Prop 13, Mello-Roos fees are a separate
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| Diego, California. The reader should
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| | charge on the property tax bill. The
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| consult their tax advisor for definitive
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| | duration of Mello-Roos fees are linked to
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| guidance about property tax issues and
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| | the amount of time needed to pay off the
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| not rely soley on the informaton below.
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| | bond, which is typically 20-25 years.
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| Property tax rates are capped in
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| | Mello-Roos fees range from $174 to over
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| California due to the passage of
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| | $3000 annually, and the average fee for
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| Proposition 13 in 1978 ("Prop 13"). Prop
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| | San Diego communities was $1,488 in 2006.
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| 13 was a ballot measure approved by the
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| | To get a general idea about the amount of
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| voters of California to limit property
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| | property taxes you would owe annually on
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| tax increases. The legislation also
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| | a property, multiply the purchase price
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| mandated that any future increases in
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| | of the property by 1.2%. For example, if
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| property tax rates have the support of
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| | you purchased a $400,000 home, your
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| two-thirds of the Legislature for
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| | annual tax due would be around $4,800,
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| approval. This provision dramatically
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| | plus special assessments (if applicable),
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| limited the ability of the legislature to
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| | and Mello-Roos fees (if applicable).
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| increase taxes.
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| | Consumers should be aware that tax rates
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| The property tax rate in California is 1%
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| | for a particular area can increase as
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| of the assessed value of real estate,
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| | news bonds are added or decrease if bonds
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| plus any bonds, fees and special charges.
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| | are paid off. In addition, Special
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| Properties can only be reassessed when
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| | Asssessments (if any) for new
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| there is a change in ownership or when
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| | infrastructure can also impact tax rates.
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| new construction is completed. Unless one
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| | When considering the purchase of real
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| of these reassessment conditions exists,
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| | estate, single-family homes, condominiums
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| Prop 13 allows for annual increases of up
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| | or townhomes in San Diego (particularly
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| to 2% of a property's value.
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| | in newer communities), propspective
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| The passage of Prop 13 dramatically
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| | buyers should find out if the property
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| limited the legislatures ability to
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| | has Mello-Ross or other Special
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| increase taxes. Despite this,
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| | Assessment fees, how long these fees will
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| municipalities desired a mechanism to
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| | continue, and if the fees increase
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| subsidize the building of infrastructure
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| | annually.
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| for new developments, so in 1982, the
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| | Over 1 million tax bills are sent out
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| Capital Facilities Act was passed. The
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| | every year in San Diego County by the
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| act is better known by its legislative
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| | County Tax Collector. The tax period in
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| authors, Senator Henry Mello and
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| | San Diego covers the period from July 1st
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| Assemblyman Mike Roos (i.e. Mell-Roos
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| | to June 30th. The amount owed is based on
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| Assessment).
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| | the assessed value of the property as of
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| According to the San Diego County
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| | January 1st. The tax bill is mailed out
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| Assessor, "Mello-Roos districts are
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| | in September or early October, and is due
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| established by local governments at the
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| | in two equal installments; first payment
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| request of a developer to finance
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| | is due December 10th and the second
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| specific public facilities and services
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| | payment is due April 10th. State law does
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| such as schools, roads and libraries.
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| | not allow for extensions to pay the tax
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| Mello-Roos districts were authorized by
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| | bill and late payments are subject to a
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| state law in 1982. This law allows any
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| | penalty of 18% APR. For those wishing to
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| public agency to establish a Mello-Roos
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| | pay by credit card, the Discover Card is
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| district, which then can issue the
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| | the only option at this time.
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| necessary tax-exempt bonds and impose
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| | For more information about property tax
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| fees to pay off these bonds."
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| | issues in San Diego or to obtain a
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| Communities or districts that impose a
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| | definative answer to your property tax
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| Mello-Roos fee are distributed throughout
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| | questions, contact the San Diego County
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| the County but are most common is large
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| | Assessor or your tax professional.
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| new subdivisions.
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