San Elijo Hills Mello Roos Reductions

San Elijo Hills Mello Roos Reductions

The City of San Marcos uses Community Facilities Districts (CFD), which are commonly referred to as Mello-Roos Districts, to finance local public facilities and services. Property owners in a San Marcos CFD are taxed annually for their share of the debt service on any bonds that the CFD has issued and/or to pay for the cost of City services.

Some San Marcos City communities have recently benefited from reduced Mello Roos, and recently some San Elijo Hills neighborhoods have also received letters of reduction from the City of San Marcos. The CFDs have been refinanced, but they still have the same term of 2036.

San Elijo Hills is under one area district, however, with further research that each neighborhood is under a different sub-district, which makes sense with each community having different fees.  The specific communities this will benefit according city website is Mariners Landing, Meridian and Creek Side Cottages.  Each of these happen to have the highest Mello Roos in San Elijo Hills in their respective home types (condo / detached) except it is missing Atherton which has the highest in San Elijo Hills.

Please see the link to the City website discussing Mello Roos and the link to the district map.

Link to City Website Discussing Mello Roos – http://www.san-marcos.net/index.aspx?page=54

Link to Map – http://www.ci.san-marcos.ca.us/Modules/ShowDocument.aspx?documentid=2537

Link to break down for each San Elijo Hills Neighborhood Community Facilities District No. 99-01(San Elijo Hills)

Do your research

 

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