Talk of The Villages Florida - View Single Post - Amenities Fee/CDD assessment
Thread: Amenities Fee/CDD assessment
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Old 03-23-2008, 03:06 AM
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Default Re: Amenities Fee/CDD assessment
Quote:
Originally Posted by chuckster
Think CDD (bond) is part of the ad-valorem paid annually with property taxes and is to pay the initial investment for infrastructure paid by the developer (water, sewer, storm sewers, streets, etc). Don't believe it has anything to do with flowers, etc. Paid mine off initially as it is billed over a 30 year period and wanted to save the interest charges. Believe amenity fees (monthly) are to pay for executive courses, rec. centers in your CDD (not to be confused with bond ). Mine are 130.00/month for amenity fees.
Check your annual tax bill and you WILL see a CDD charge. If you think the flowers that are planted every quarter in your CDD area are free you are mistaken. You also pay for mowing and road repair, etc.
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