26 replies to this topic

[stacycam]

I just checked our annual tax bill. Here are the assessments:
Countywide - 1%
City of Folsom GOB - .0319%
Folsom Cordova CFD2 - .029%
Los Rios College GOB - .00720

Therefore the total base tax is just over 1%.

THEN, there is the mello-roos which is $1875.00.

I live in Empire Ranch.

[Redone]

The 1.25% includes the mello roos. The tax rate for Sac Co is 1.1%
Welcome to Folsom.

As a "realtor" you should know that property tax is limited to 1% PERIOD. Any other bonds , assessments , or other direct levies are merely collected with your property taxes, but are not property taxes.

[Redone]

I think your confusion lies in the fact that 99% of lenders use 1.25% to figure the estimated tax bill. Depending on where you live it might be more or less. For example, Empire Ranch has 3 Mello Roos bond figures based on small, medium , and large lot.
If you REALLY want to figure out what your new tax will be look up the current "direct levies" or other items being paid by the current owner. Add those to 1% of your new price and divide by 12 to get a monthly figure.
If you go to sac county tax collector you can look up anyone's tax bill as long as you have the APN which your realtor can easily get from MLS.

[Sonny]

I think your confusion lies in the fact that 99% of lenders use 1.25% to figure the estimated tax bill. Depending on where you live it might be more or less. For example, Empire Ranch has 3 Mello Roos bond figures based on small, medium , and large lot.
If you REALLY want to figure out what your new tax will be look up the current "direct levies" or other items being paid by the current owner. Add those to 1% of your new price and divide by 12 to get a monthly figure.
If you go to sac county tax collector you can look up anyone's tax bill as long as you have the APN which your realtor can easily get from MLS.

Great info. Looks like you can look at any tax bill for any home by just inputing street name and click on the address you are interested in. APN number auto fills and you can view tax bills for homes you are looking at. Link from prior post ...

http://www.assessor....disclaimer.html

Looks like most people pay about $1,000 extra per year. Newer the home more "levy" is. Older homes like off Wales pay no levy's. Website has it all to figure out exactly what you would be paying.

[4thgenFolsomite]

As odd as it seems, Orangevale had a gun club in Folsom:
http://www.city-data...California.html
http://www.satellite...mp;ftype=locale

However, Folsom Gun Club comes up with the same location. Anyone have the skinny on the two clubs?

Thanks,
Jason

here's the skinny....
the site of California Hills and the currently under development subdivision at the corner of Glenn and Sibley was the site of the Orangevale Gun Club. There was also a Folsom Rod and Gun Club. This was located on the site of the current Young Wo Memorial Park in the Preserve subdivision (on Forrest St. near Sutter Street). Folsom Rod and Gun was started in the late 1910s by some local men who wanted a spot for shooting and relaxing. They had a little club house there and shot clay pigeons. They later turned the site into the Folsom VFW hall. That hall was torn down and a new and improved hall shared today with the VFW was constructed on a lot nearby. The Orangevale Gun Club didn't have much more than a range with a covered shooters counter.

[DrKoz23]

I just checked our annual tax bill. Here are the assessments:
Countywide - 1%
City of Folsom GOB - .0319%
Folsom Cordova CFD2 - .029%
Los Rios College GOB - .00720

Therefore the total base tax is just over 1%.

THEN, there is the mello-roos which is $1875.00.

I live in Empire Ranch.

Mello Roos must vary across ER. We pay $1364.42.

I don't think Mello Roos is figured as a percentage of property value... but a constant charge. Then again... I could be wrong.

[realtor]

As a "realtor" you should know that property tax is limited to 1% PERIOD. Any other bonds , assessments , or other direct levies are merely collected with your property taxes, but are not property taxes.

Just so you know that as a "realtor" I'm not licensed to give tax advice. The 1.25% figure is a ball park used in the industry so clients can have a figure to work with when deciding what they can afford. The actual bond information is included in the preliminary title information given to the buyers with the other disclosures upon acceptance. If you want to know your mello roos information you can call any title company and they can look it up for you.

[Steve Heard]

Mello Roos must vary across ER. We pay $1364.42.

I don't think Mello Roos is figured as a percentage of property value... but a constant charge. Then again... I could be wrong.

You are correct. There are several variables, including but perhaps not limited to subdivision, year the property was purchased, and size of the lot.

[Robert Giacometti]

I'm wondering if any resident of Empire Ranch knows exactly what their mello-roos payments go towards?

I know if I was living there I'd be getting an audit.

[stacycam]

I'm wondering if any resident of Empire Ranch knows exactly what their mello-roos payments go towards?

I know if I was living there I'd be getting an audit.

Good question. It makes me sick to think about how much we pay. In hindsight, I wish we would have bought elsewhere. We could have had a nicer or bigger house, or the same valued house with a lower mortgage. Oh well. Not moving now!

[realtor]

I'm wondering if any resident of Empire Ranch knows exactly what their mello-roos payments go towards?

I know if I was living there I'd be getting an audit.

My understanding is that since Prop 13 passed the coffers went dry and Mello Roos was brought in to offset the costs of doing business by the builders. Roads, sewers, etc...along with schools, parks, etc...were paid by the property taxes and since the late 70's the property taxes have been capped in Calif. Therefore someone has to pay for the infrastructure and the builders certainly don't want to so...give it to the potential homeowner. Bury it in the myriad of fees the new buyer has to sign off on and let them pay for their little piece of paradise. Mello Roos was born (right around 1986) and since the builders are holding the keys to the kindgom the potential homeowner doesn't have any say in the process. The fees pay for a variety of things and this brings up a good point to me to check out what exactly they pay for since each bond pulled is specific to the subdivision. I know I have a website where you can check out the mello roos fees specific to each subdivision...I'll try to find that site and list it here. Thanks for igniting the idea!

[Redone]

I'm wondering if any resident of Empire Ranch knows exactly what their mello-roos payments go towards?

I know if I was living there I'd be getting an audit.

How about construction of E. Natoma and Golf Links Dr. to name 2 ?