About Your Tax Bill

Santa Margarita Water District (SMWD) is Orange County’s second-largest water district, providing water and wastewater treatment services to more than 165,000 residents in Mission Viejo, Rancho Santa Margarita, Coto de Caza, Las Flores, Ladera Ranch, Village of Esencia, Village of Sendero, and Talega.

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  2. Physical Address
    26111 Antonio Parkway
    Rancho Santa Margarita, CA 92688

    Phone: 949-459-6400
    Emergency: 949-361-6294

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Improvement Districts

The District is divided into eight improvement districts - with some of those improvement districts being further divided into sub-improvement districts - that encompass approximately 54,424 acres of land. 

Improvement districts function as operating units of SMWD, and each improvement district's facilities are funded with its own water bonds, so residents of older neighborhoods don't have to pay for facilities in new neighborhoods. 

These districts also allow SMWD to meet the diverse needs of specific service areas, factoring in land use, topography, ownership lines, water supply and wastewater treatment needs.

Full Size Map

Improvement Districts Map

General Obligation Bonds

SMWD has issued General Obligation Bons to fund the water and wastewater infrastructure for the various improvement districts. General Obligation Bonds are issued for the development of specific facilities and are paid for by the area directly benefiting from the facilities.

As of June 30, 2017, SMWD had $89,565,000 outstanding bonds issued between 2009 and 2017, with final maturities ranging from years 2038 to 2043. Debt service payments (principal and interest) are established at the time the bond is sold, and are collected through the County of Orange Treasurer-Tax Collector via property tax bills.

Community Facilities District Bonds

A Community Facility District (CFD) are special districts formed for the purpose of financing acquisition, construction, operation and maintenance of public instrastructure benefiting a planned community. CFD Bonds have been issued for the planned communities of Talega (Improvement District 7), Village of Sendero (Improvement District 4E), and Village of Esencia (Improvement District 4C).

As of June 30, 2017, SMWD has $135,985,000 outstanding bonds issued between 2009 and 2017, with final maturities ranging from years 2038 and 2045. Debt service payments (principal and interest) are established at the time the bond is sold, and are collected through the County of Orange Treasurer-Tax Collector via property tax bills.

Tax Rates

SMWD develops the annual tax rates for the general obligation bonds based only on assessed values of land as provided by the County of Orange Assessor's Office. The rate is based on per $100 of assessed land values utilizing the following calculation: total annual debt service divided by total assessed land value in the improvement district divided by 100.  This rate produces adequate reveneues to meet SMWD's obligation to its bond holders. You may see variances in the tax bill in your area based on the assessed property values, therefore impacts can vary on each landowner. Additionally, there may be multiple bonds issued to an improvement district reflecting as a single line item on a property tax bill.

For detailed information about your property tax bill and assessments, visit the OC Treasurer Tax Collector website, where you can search for a property by the parcel number or address.

If you have any additional questions regarding your tax bill, please call the SMWD Finance Department at 949-459-6570.

Water Bond Maturity Dates

Improvement District
Community
Maturity Date
1
Mission Viejo
2012
2 / 2A
Coto de Caza
2038
3 / 3A
Rancho Trabuco
2038
4
Rancho Santa Margarita
2038
4A
Rancho Santa Margarita
2038
4B
Las Flores
2038
4C
Village of Esencia (CFD)
2045
4D
Ladera Ranch
2038
4E
Village of Sendero (CFD)
2043
7 / 7A
Talega (CFD)
2038
8
Meadow Ridge
2014