Quote:
Originally Posted by zcaveman
I do not believe that this is your bond assessment. This is the annual charge to you for your annual maintenance of your CDD area. It can change annually depending on your CDD needs for your CDD maintenance.
I just checked my taxes and the maintenance is the annual CDD maintenance charge.
The line called Bond Assmt is the interest on your bond.
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Z
Thanks for checking but if you look at any of the homes that I used in my example on Lake Ridge drive and then look at the payment history you will see that there are three lines in the Non-Ad Valorem Assessments.
UNIT xxx SPEC ASMT-MAIT $1,665.82
UNIT xxx SPEC ASMT-BOND $3,914.12
VILLAGES FIRE DISTRICT $81.00
Total Assessments $5,660.94
If the $3,914.12 is interest only then do you receive another statement of what the bond principle is for that year? Do you write out two checks, one for your taxes and another for bond principle? I am well aware of the maintenance fee and how it can change from year to year.
I will play around and try to find some homes that are north of 466 to see how they pan out. If the ASMT-BOND is only interest then a 10 year old home would show a decrease in the figure over time.