You generally have it correct. The bond payments cover the original construction. The amount is based on the type of home (not price) and the district that it is in (larger homes pay a larger share of the bond because they occupy a larger space). We also pay maintenance fees, amenity fees, county taxes, etc. to cover care and feeding of the rec centers. pools, sewers, roads, and everything else. Some of it is owned by the county. Some of it is district owned (aka The Villages). Lots of details behind this simple explanation.
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