Quote:
Originally Posted by Laker14
Are the individual bonds relative to the cost of the home?
IOW, would a 250K villa have the same bond price as a $350 home?
|
You been around since 2008 suprising this question hasn't come up before.
Village Community Development Districts has a lot of useful information.
The Bond Debt Assessment was set at the time the bond used to build the infrastructure was issued. The formula for calculating each lot’s proportionate share starts with the total cost of the bond (including interest) issued to pay for the infrastructure. That cost is divided equally among each assessable acre in the “phase” of the District for which the bond was issued. That gives you a cost per acre. The cost per acre is then multiplied by the number of acres in the unit in which you live. That gives you the obligation for the unit as a whole. The unit total cost is then divided by the number of lots or parcels in the unit, and that computation gives you the amount of the assessment levied against each property. Therefore, each lot within a unit pays the same amount. Amortization schedules for each unit are located on the Districts' website;
Village Community Development Districts under the Finance Department link.