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, 11:17 AM
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Quote:
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.
That is above the initial bond. If you have bond you paid the bond and the maintenance fees.