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Watch out for city taxes south of 44, especially in new construction areas too. Some can run almost as much as a bond payment annually. New construction areas were snagged up by Leesburg and Wildwood so they could fatten their pockets for pet projects that have nothing to do with the Villages. A huge swath of the Villages north of 44 don’t pay a dime because they are unincorporated.

Hint, you keep paying these for life, even if your bond was paid off tomorrow.

The bond is a sweet deal for the developer, they don’t pay impact fees which average 25,000 per lot throughout the state of Florida. Instead your bond amount is double what most are.