[villagetinker]

Originally Posted by April23

Hello! First post for me as I begin to investigate TV. What is a bond? What is an assessment? Does every house have one? I see homes for sale that say "bond is paid" but will it come back ever? Thanks for your insightful information.

As noted above, the bond is used to cover the initial cost of the infrastructure associated with the house. In general, every house has one INITIALLY, but you may find some resales with the bond paid off, and no it does not come back. Also as noted above the maintenance assessment is for the continuing maintenance of the infrastructure and possible new additions as determined by the local CDD.
ALL new homes will have bonds. We chose to pay ours off as it CANNOT be deducted from IRS taxes and the interest rate was high enough to be annoying.
Now to make your life more confusing some locations have two (2) taxes, county and city, this occurs mostly in the newer sections south of route 44, city locations would include Wildwood, Leesburg, Fruitland Park, and possibly others.