Tax district being formed for new tract

first_img It became law after 1978’s Proposition 13 capped property tax rates for Californians and diminished the ability of cities and districts to fund new roads, schools and infrastructure needed to support development. Developers are required to disclose the tax to homebuyers, who sign a form indicating they were informed of the tax. Karen Maeshiro, (661) 267-5744 [email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORESanta Anita opens winter meet Saturday with loaded card “The developer would pay for the costs to do the community facilities district. Based on that we green-lighted it,” Riccio said. The school district has hired a tax consultant to help form the tax district. By building in a Mello-Roos district, home builders can avoid paying Eastside’s developer fee of $2.48 a square foot for each home – about $4,960 for an average-size new house of 2,000 square feet. The four-school district has nearly 2,900 pupils, up by more than 100 youngsters from the previous school year. A fifth school, Columbia Elementary, is under construction. The special tax districts are allowed to be formed under the Mello-Roos Act of 1982, named after the two state legislators who penned the law. LANCASTER – Eastside Union School District is in the process of forming its first special tax district on a new housing tract to help finance the building of more schools. A housing developer has expressed interest about forming a Mello-Roos community facilities district, which would allow the home builder to pass through to homebuyers the school-building fees rather than pay them before houses are built. “Instead of builder fees that come in small amounts, we get a larger chunk of money up front,” Eastside Superintendent Greg Riccio said. “We need to be acquiring land. Based on projected growth, every three to four years we would be opening a new school. You drive around and you can see there is going to be a greater trajectory in terms of growth than we have ever had in the past.” The developer is Pacific Communities, which is planning 300 homes in an area bordered by Avenues K and L and 30th and 40th Streets East, Riccio said. last_img

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