Quote:
Originally Posted by bilcon
I don't see any service fee on the tax bill. It just says the yearly amount for the bond for my unit.
The maintenance fee shown has nothing to do with the bond.
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Quote:
Originally Posted by BrianL99
You are correct, there is no "fee".
Unlike the usual municipal government many of us are used to, CDD's are different.
When you buy in The Villages, you pay your usual local & county taxes + you pay a "bond" that paid for your infrastructure + you pay a "maintenance fee", which is essentially the same as the portion of your taxes you'd pay to your city/town for infrastructure maintenance.
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I'm afraid you are both wrong. The Bond Amount on your tax bill is made up of 1. PRINCIPAL 2. INTEREST 3. ADMIN. FEE
Have either one of you ever looked at your amortization schedule online? It's all there.... right where Bogie said it was.
