Loading...
HomeMy WebLinkAboutEcomment Christopher Hecht (Item 1)From: Yasuda, Erica To: Woodward. Carrie Subject: FW: Public Data Summary — Tustin Landscape & Lighting District (For Upcoming Council Meeting) Date: Monday, December 1, 2025 2:01:02 PM Attachments: Tustin Data Points.odf From: Christopher Hecht < Sent: Monday, December 1, 2025 1:21 PM To: Yasuda, Erica <EYasuda@tustinca.org>; City Council <citycouncil@tustinca.org> Subject: Public Data Summary — Tustin Landscape & Lighting District (For Upcoming Council Meeting) Dear Mayor, Council Members, and City Clerk, I hope you are doing well. Before the upcoming hearing on the Tustin Landscape & Lighting District and the proposed Reassessment District 2025, 1 am sharing a brief packet of publicly sourced data that may be helpful context for the meeting. The attached document includes: • Public data on home values, turnover rates, and reassessment frequency within 92782 • Public parcel and ownership information for commercial properties in the Tustin Marketplace area • High-level background relevant to residential vs. commercial burden -sharing within the district Because the City's parcel -level assessment data is not publicly posted, I have submitted a Public Records Act request for the Assessment Roll and related benefit -zone information. The attached packet, therefore, reflects only the public datasets currently available, but even this limited information helps frame the equity and transparency questions surrounding the district. Thank you for your time and for reviewing the materials ahead of the meeting. I look forward to tomorrow's constructive meeting. Warm regards, Christopher Hecht Tustin Ranch Resident Email: Tustin Ranch / 92782 Public Data Snapshot Residential Market, Turnover, and Commercial Parcel Context Prepared for: Tustin City Council Public Comment Prepared by: Resident, Tustin Ranch (Public Data Compilation) Key Residential Market Metrics (Public Sources) Metric I Value Average Home Value (92782) YoY Change (2024-2025) 4-Year Appreciation (OC, 2020-2024) Median Sale Price (92782) Median List Price (92782) Source $1,310,000 ZillowZHVI +0.9% Zillow +58% OC Market Reports $1,250,000 Redfin $1,280,000 Redfin All figures above are drawn from publicly accessible sources as of late 2025. They are intended to provide context for equity and burden -sharing discussions around the Tustin Landscape & Lighting District. Residential Turnover and Reassessment Pressure Month / Year Homes Sold Avg Days on Market Avg Offers Source Oct 2025 52 60 3 Redfin Oct 2024 65 43 3-4 Redfin Frequent transactions in 92782 mean that many residential parcels are reassessed regularly under Proposition 13, often at substantially higher market values than in past decades. This increases the ongoing tax burden for newer homeowners relative to long -held properties. Sales Volume Snapshot — 92782 (Public MLS Data) to 60 Ln v o 40 0 U 20 E z o Homes Sold - 92782 Monthly Snapshot Oct 2024 Oct 2025 Month I Year Even with some cooling in volume, dozens of homes continue to close each month in 92782. This supports the observation that residential parcels face regular reassessment events under Proposition 13. Commercial Parcels — Tustin Marketplace (Public Records) The table below lists representative commercial parcels within the Tustin Marketplace area, based on Orange County Assessor and OC Public Works GIS data. These records are examples to illustrate long -held commercial ownership within the district context. APN Approx. Acreage Land Use Recorded Owner (Public Roll) 402-121-01 6.52 ac Retail Commercial Irvine Company affiliate 402-121-02 4.11 ac Retail Commercial Irvine Company affiliate 402-121-03 7.40 ac Retail Commercial Irvine Company affiliate 402-101-14 8.65 ac Retail Commercial Irvine Company affiliate These parcels are large, long -held commercial holdings. Under Proposition 13, their assessed values typically grow at no more than approximately 2% per year unless a change of ownership occurs. In contrast, frequently sold residential parcels in 92782 are reassessed at full market value with each sale. Transparency Limitation: The City of Tustin has not published the Tustin Landscape & Lighting District (TLLD) Assessment Roll. Therefore, while public data can show commercial parcel size, land use, and ownership, it cannot currently show how much each parcel pays into the TLLD. A Public Records Act request is required to obtain parcel -level assessment amounts and benefit classifications. This report is designed as a neutral, data -focused resource to support public discussion on equity and burden -sharing between residential and commercial properties within and around the Tustin Landscape & Lighting District.