Yes, if Riverside approves the district and its special taxes, developed homes in the three included tracts would pay extra taxes. The packet’s ordinance and resolutions are unsigned drafts; the October 20 outcome is not known.
What the city is deciding
Riverside is forming Community Facilities District (CFD) 2026-1, a Mello-Roos district whose homes pay special taxes. The council would authorize three taxes and up to $10,000,000 in bonds, and hold a landowner election. Selling bonds needs another vote.
Where and who it affects
The district covers three tracts with 152 homes in total:
- Zone 1, Victoria Grove: Tract 38921, 46 homes.
- Zone 2, Pinnacle Pointe: Tract 38074, 53 homes.
- Zone 3, The Ranch: Tract 39008, 53 homes.
The taxes apply to land in these tracts only; the per-home figures below are for developed homes.
What it could mean for your property
Maximum yearly special taxes per home, fiscal year 2026 to 2027:
| Zone | Tax A | Tax B | Tax C |
|---|---|---|---|
| 1 | $3,760 to $4,530 | $150 | $924 |
| 2 | $1,285 to $1,935 | $73 | $897 |
| 3 | $4,265 to $6,155 | $335 | $772 |
Tax A, set by the home’s square footage, pays for facilities and bond debt. Tax B pays for maintenance such as landscaping and storm drains. Tax C pays for police and fire services. These are maximums, and the draft ordinance lets the city charge less. The documents give no total bill.
From July 1, 2027, the Tax B and Tax C maximums rise yearly by inflation or a fixed minimum, whichever is greater, and the minimum is higher for Tax C. Tax A ends after fiscal year 2071 to 2072 and can be prepaid; B and C cannot. Once formed, a continuing lien secures each year’s tax on taxable property in the district.
Questions to ask before you buy or build
- Which zone is the home in, and which square-footage band sets its Tax A?
- Has any Tax A been prepaid?
- Has the notice of special tax lien been recorded on the lot?
What happens next
The hearing is October 20 at 3 p.m., Art Pick Council Chamber, 3900 Main Street. Staff said it may ask to continue to November 10 while Zone 3 voter records are sorted out. Written protests go to the City Clerk by the time the hearing is set to begin.