Newbie Bond Questions
My understanding is that each home pays a bond which is for infrastructure. The cost of the bond varies by district. Total of infrastructure is divided by the number of acres and eventually this comes out to a number that the homeowner is charged and is payable with their tax bill.
Does the bond payment have anything to do with the purchase price of the home or is it just based on square footage of lot, something else?
In addition to the bond, there is also a fee for maintenance of the infrastructure, correct? Also payable with prop taxes? How is this calculated, lot size, something else?
I found the spreadsheet on-line for what it costs to live in TV. It suggests $300/month for prop taxes and then has $300 for CDD. Is the CDD the bond plus the maintenance?
Thanks for any clarifications.
Tom (Looking at August Retirement)
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