Talk of The Villages Florida - View Single Post - Do Bonds Equal Credit Card Debt?
Thread: Do Bonds Equal Credit Card Debt?
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Old 11-06-2020, 10:47 AM
retiredguy123 retiredguy123 is online now
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Originally Posted by KRM0614 View Post
Bond is a debt on your home/land plus land that never goes away. TV issues tax free bonds to finance future construction - homes commercial etc - we pay for it for 30 years or if you want to pay it off .
Components are bond mainyence which is roads sewer etc the house portion and fire assessment.

After it’s paid off you continue to pay interest on those bonds in perpetuity as a non ad Valorem item called HOA/maintenance

So its never really paid off as fees continue.
This was discussed with TV taxing people fL Dept of revenue
Wildwood.
The maintenance fee on your tax bill is not interest on the bond. The bond is a loan used to construct the initial infrastructure needed to build the houses. When you pay off the bond, no additional interest will accrue. The maintenance fee is the cost for maintaining the infrastructure after it has been built. The maintenance fee and the bond are two different things.