Talk of The Villages Florida - View Single Post - Would the 38K bond on new homes be a deal breaker?
Thread: Would the 38K bond on new homes be a deal breaker?
View Single Post
 
Old 05-02-2020, 02:16 PM
Tom53 Tom53 is offline
Member
Join Date: Oct 2015
Posts: 94
Thanks: 23
Thanked 100 Times in 44 Posts
Default
Quote:
Originally Posted by mydavid View Post
If you can roll it over to your mortgage, or better pay it up front do it. My house was new in 2003, bond was $12,000, I let it go to my taxes, I still owe $5,000 and its still adds another $600 a year to my tax bill.
Correct me if I'm wrong, but the balance of your bond should have no impact on your taxes, which are based on the assessed value of your home. The bond payment is listed on your trim notice for information only, not part of tax calculation. It's a fixed annual charge based on the unit that you live in. The amortization table is available online.