[Bill14564]

Originally Posted by ouicestmoi

Hi there! I am new to TV and to the TOTV Forum and I searched but did not find a prior post that answers the question I'm about to ask...

I closed on my home in December last year.

I noticed that amenity fees were going up based on this article excerpt:

"These adjustments from the Consumer Price Index will impact the contractual amenity fee for all homeowners who closed on their houses after Jan. 1, 2023 and all new homes built in The Villages on and after Jan. 1, 2023.

Previously, the amenity fees for these homes was set at a rate of $179. Now, these rates — also known as prevailing rates — will be se to $189, according to a letter released by Robert Chandler IV, The Villages Vice President of Development."

I noticed that mine went up to $189.80 this utility bill.

I called utilities and they sent a voicemail Indicating that they could go up every year in april.

Could anyone point me to clarification on this question? I was not aware they could continue to go up? I thought they were set based on when you bought your house.

If they are reassessed every year then that's something I have to deal with but is there a percentage cap on how much they go up (so that you can budget?)
Thanks!

Look in your deed restrictions and you will find that they go up every year based on the CPI. You will see the increase in the month your house was originally sold which may not be the same as the month you bought it.

POSSIBLE calculation: you closed on your home last year when the contractual rate was $179. The CPI is currently 6%. If you just reached the anniversary date for your home, your new rate will be $179 plus 6% which comes out to $189.80.