Quote:
Originally Posted by Gulfcoast
I'm curious to know how the HOA and any other fees work in TV. Do they go up over the years and if so by how much?
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The monthly amenity fee goes up each year on the anniversary of your home purchase. It increases by the CPI index, same as your Social Security check.
If you sell and purchase a new home, the fee for the new home re-sets to the current rate, usually an increase over what you have been paying.
The annual bond payment is the same each year, unless the bond has been refinanced to a lower interest rate. Then the amount can go down slightly.
The annual maintenance payment is set by your local CDD district according to their budget needs. Much of it goes to Project Wide Committee for joint Village maintenance needs. (Or Amenity Authority Committee if north of 466.)
Trash collection is on the monthly amenity fee bill. It goes up a little each year.
Fire protection is on the annual property tax bill. It goes up in jumps.