Quote:
Originally Posted by BrianL99
There are over 400 CDD's in Florida.
There are nearly 2000 Special Districts in Florida.
|
Indeed you are right in that Florida does have numerous Special Districts of various types and for various purposes.
What I had read was that Reedy Creek (WDW) and The Villages were the two with over 2,500 acres. But reading more now, I see that Florida is embracing this form of development, which has been successfully employed in many other states as a means to develop infrastructure without imposing a financial burden on people outside the district boundaries.
The situation with The Villages has become a hybrid, in that cities have incorporated so much of the new development. Though the developer continues to use bond sales to finance infrastructure, the cities layer their services and taxes.
It is this layering of taxation which caused me to complete a property tax analysis for the three counties, and various cities. My conclusion is that property tax rates range from 0.88% of FMV in unincorporated Sumter County to 1.34% of FVM for unincorporated Marion County. Add to that the assessment for each city.
I find that property taxes are more consequential than the Amenity Fee.