Quote:
Originally Posted by Muncle
I'll be the first to admit that I am often  In fact, many would assume I was generally if not predominately  However, actually you're wrong on this one. I'm sure 07 or one of our other erudite members has put together a detailed explanation of the various bond, amenity, and tax issues and hopefully someone will find it and provide a link. In the interim, however, I'll blow some smoke.
The bond associated to the individual home varies in amount depending upon when the district was built. Value of the house really doesn't matter. The amount is owed to the bond holder (the guy who bought it (the bond, not the house)) and is owed first by the developer and then by the purchaser of the residence. At the time of purchase, you may choose to pay off your bond debt associated with your residence or you can choose to pay it out over 30(???) years, paying the interest agreed upon in the bond. The county only enters the picture because they agreed to include the bond payment as well as the CDD fee in your yearly property taxes. In both cases above, they pass the funds along to the appropriate party. The county gets bupkis.
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I am probably way off base but my understanding is that there are two types of bonds.
1. On the individual homes in Sumter & Marion Counties owed to the counties by the home owner. This covers the cost of the infastructure (roads, sewer, water mains, eletric distribution, etc) that the counties paid for (instead of the developer as is the case in most developments).
2. Bonds the CDD's issued to purchase the squares, golf courses, rec centers etc etc from the developer. These bonds we sold on the bond market and the individual home owner's amenities fees includes charges to pay for the interest (and bond retirement?)on those bonds.
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