Quote:
Originally Posted by zcaveman
You cannot pay down your bond principle. You either pay the entire bond off in July or you pay the interest payment that year.
The line UNIT xxx SPEC ASMT-MAIT $1,665.82 is your share of what the CDD determined it needed to maintain your district for the coming year.
The line UNIT xxx SPEC ASMT-BOND $3,914.12 is your bond interest for the year.
I do not have a bond so I do not have the ASMT line. I had to look at a few other houses in the area to see the ASMT line.
I think it is a fixed 30 year "loan" so it will never decrease.
I just read it yesterday. http://www.districtgov.org/howDoI/PayBond.aspx |
I think the line ...The line UNIT xxx SPEC ASMT-BOND $3,914.12... is not just your bond interest.. I think it is your yearly payment to pay off the bond, and that payment includes interest and payment on the principal, just like an other loan...
But like someone else on here says.. I could be wrong.