Quote:
Originally Posted by retiredguy123
The tax bill typically comes out in early November. The bond payments for principal and interest are paid with the tax bill to the county, but I don't think the money actually goes to the county. It goes to the company who is hired to service the bond debt. It is a loan that you are paying off.
The developer borrows money from a bank or other financial entity to build the infrastructure, and then requires the home buyers to assume the loan. The loan payments show up on the county tax bill as a convenience to you and the lender.
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Thanks so much for the info. Still learning our way around here and still quite a bit to learn.