The first homes in Corona with Mello Roos have already been paid off in the areas of Sierra Del Oro, portions of Corona Hills, & off Ontario & Mangular. The time frame to be paid in full varies from 11 years to 35 years. For instance, in Eagle Glen the Mello Roos are paid off in 2032.
To find out the real "tax rate" & what special assessments are added on after that is figured, go here:https://taxpayments.co.riverside.ca.us/Search.aspx
When working, this site will show you the breakdown. You can also call the assessors office and get the information & payoff dates for any assessments listed.
Taxes will not go away. Some special assessments will go away over time. Your real estate agent will be able to show you how to see the hows, whys, and whens.
Corona Real Estate
I am also a Realtor who lives and sells homes in Corona.
It sounds like you could also be talking about Sycamore Creek that is off the 15 fwy. Tax assessments last from 20 years to indefinitely. Remember you are paying for all the amenities, new parks, new schools etc. Unfortunately it is something the builder passes on to the New home buyers. There are other lovely parts of Corona that have lower tax rates or the bonds have finally been paid down. :)
Please feel free to call or email me at Lydiakray@tarbell.com
With that said, if you can get a big enough discount on price, the higher tax may be OK if a lower price makes up for it. Property taxes are a tax write-off as well.
Email me if you would like and I can tell you how much hoa and special assessments will be on properties.
Welcome to Southern California. I am no longer a resident but am very much aware of your concern. The reason being is the "Special Assessments" aka Mello Roos. The taxes have always been expensive in S. Cal but the Roos are what adds insult to injury. Unfortunately, I wouldn't be able to tell you when those will go away. These assessments are a thorn in everyone who live in these types of communities. I am afraid you are stuck with it for a while. Especially since SC is experiencing the effects of a bad economy, I can't imagine any talk about them going away anytime soon.