U.S. CitiesCity-Data Forum Index
Happy Easter!
Go Back   City-Data Forum > U.S. Forums > California > Orange County
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Unread 01-27-2011, 09:31 AM
 
57 posts, read 119,078 times
Reputation: 24
Default Property tax rate?

Can anyone tell me, if I bought a condo or townhouse in Orange county what would be the property tax rates? I assume you only pay property taxes to the county? There are no city property taxes? I've also heard of mello-roos, but I guess those are on a case by case basis.

Any info would be helpful.

Thanks.
Reply With Quote Quick reply to this message

 
Unread 01-27-2011, 09:46 AM
 
Location: Las Flores, Orange County, CA
964 posts, read 1,289,774 times
Reputation: 553
Count on between 1.2% and 1.5% of the assessed value per year.

So, a $500K home would be somewhere between $6000 and $7500 per year.

Mello Roos is case by case with newer (than 1990s) having it. MR expires after 15, 20, 25 years depends on the bond.
Reply With Quote Quick reply to this message
 
Unread 01-27-2011, 09:09 PM
 
Location: LB/OC for now...
5,110 posts, read 10,801,338 times
Reputation: 1740
Depends on where you look. Base rate is generally around 1.1% sale price. Newer areas will have Mello Roos, taking it upwards of 2%
Reply With Quote Quick reply to this message
 
Unread 01-27-2011, 10:19 PM
 
394 posts, read 434,649 times
Reputation: 148
Here is some Mello-Roos info:
Orange County Mello Roos Taxes

Remember that if you buy a condo or townhome - or even a SFR in many communities - that you will also have to pay HOA dues on top of your mortgage and taxes. These rates will vary - as will the amenities that they are supposed to pay for.
Reply With Quote Quick reply to this message
 
Unread 01-27-2011, 11:10 PM
 
61 posts, read 135,628 times
Reputation: 19
I've wondered about property taxes also. Does it vary from city to city or can it vary even from neighborhood to neighborhood within a city? How can you figure out what property tax rate applies to a particular property? What areas are known for having low property taxes?
I know about Mello Roos taxes and I think they are crazy. We checked out a new subdivision in Aliso Viejo that has a $700+ per month Mello Roos tax that's good for 40 years and is renewable at the whim of the city. No thanks!
Reply With Quote Quick reply to this message
 
Unread 01-28-2011, 01:46 AM
 
Location: LB/OC for now...
5,110 posts, read 10,801,338 times
Reputation: 1740
you can check the county tax assessors website for property tax information per property. as far as areas known for having low property taxes, just look for areas developed before the 90s. those will generally predate mello roos and hoa fees as well
Reply With Quote Quick reply to this message
 
Unread 01-28-2011, 06:30 AM
 
Location: Las Flores, Orange County, CA
964 posts, read 1,289,774 times
Reputation: 553
Check both the amount and the maturity date of the MR. For example, it's better to pay $4000/year for five [more] years, than it is to pay $2000 for 25 years.
Reply With Quote Quick reply to this message
 
Unread 01-28-2011, 06:54 AM
 
Location: Aliso Viejo, Orange County, CA
2,129 posts, read 1,759,865 times
Reputation: 1301
Quote:
Originally Posted by kristinichka View Post
I've wondered about property taxes also. Does it vary from city to city or can it vary even from neighborhood to neighborhood within a city?
...I know about Mello Roos taxes and I think they are crazy. We checked out a new subdivision in Aliso Viejo that has a $700+ per month Mello Roos tax that's good for 40 years and is renewable at the whim of the city. No thanks!
Mello Roos terms can vary widely within the city. This sounds like Glenwood:
http://www.sheahomes.com/assets/MyHD/u_41/Index/index-glenwood.htm (broken link)

Interesting, the new Vista Vallarta model offers up to 6 bedrooms and 4.5 baths with a 3-bay garage-at a price.

There are other places in Aliso with cheaper Mello Roos. If interested, check the individual property assessment at:
County Of Orange - Treasurer-Tax Collector's Office

Of course, another option is to look at older communities. Just out of curiosity, what are the additional HOA fees?

proudmommy

Quote:
Check both the amount and the maturity date of the MR. For example, it's better to pay $4000/year for five [more] years, than it is to pay $2000 for 25 years.
Good point, but in this case it sounds like it's $700 monthly/40 years.

Last edited by pacific2; 01-28-2011 at 08:23 AM..
Reply With Quote Quick reply to this message
 
Unread 01-28-2011, 07:38 AM
 
Location: Aliso Viejo, Orange County, CA
2,129 posts, read 1,759,865 times
Reputation: 1301
Quote:
Originally Posted by kristinichka View Post
I've wondered about property taxes also. Does it vary from city to city or can it vary even from neighborhood to neighborhood within a city? How can you figure out what property tax rate applies to a particular property? What areas are known for having low property taxes?
I know about Mello Roos taxes and I think they are crazy. We checked out a new subdivision in Aliso Viejo that has a $700+ per month Mello Roos tax that's good for 40 years and is renewable at the whim of the city. No thanks!
This $689,000 property (BTW, interesting décor) in Aliso Viejo 19 GRANDBRIAR, Aliso Viejo, CA 92656 | MLS# S645312

has a Mello Roos of $ 139.224/ month or $1,670.69/year.
http://www.flex-e-bill.com/OCTLink/S...1-38&year=2010

Last edited by pacific2; 01-28-2011 at 08:28 AM..
Reply With Quote Quick reply to this message
 
Unread 01-28-2011, 08:41 AM
 
61 posts, read 135,628 times
Reputation: 19
Quote:
Mello Roos terms can vary widely within the city. This sounds like Glenwood:
Glenwood in Aliso Viejo Glenwood (http://www.sheahomes.com/assets/MyHD/u_41/Index/index-glenwood.htm - broken link)
Yes, that's the community. I know that high of mello roos is not normal. Their HOA was over $200 a month and I'm sure it will increase over the years.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $74,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > Orange County
Similar Threads

All times are GMT -6.

© 2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top