Quote:
Originally Posted by Brwne
In Colorado (and many other states), the developer advances the costs to the district, the district floats the bond and levy's a property tax on the house. Said property tax millage can be increased or decreased in the future.
Here in The Villages, the developer advances the infrastructure costs and floats bonds - individually on each property - for recouping those costs. The bond payment is fixed and doesn't change over the life of the Bond.
The Villages bond on the house can be paid off anytime. The Colorado property tax levy will stay in place until the district pays off the bond - sometime in the future and mostly out of the control of the homeowner.
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Not individually but by district, then distributed by acre to unit, then equally to homesites in the unit..
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