Quote:
Originally Posted by TomPerry
Actually it is to the buyer’s advantage to have the bond separate from the purchase price of the house! If it was included in the purchase price of the house, you would be paying property taxes on the value of the bond as long as you own the house!!
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Not correct. Real Estate Tax assessments are ALL "relative". No property stands on it's own, it is valued in relationship to the other homes on the Tax rolls.
If what you said was true, people who have paid off their bond, would have their home assessed for more money ... that doesn't happen.
The advantage of CDD bonds, inure primarily to the developer ... who is able to develop projects, using "other people's money".
The one and only advantage I can think of to a homebuyer, is the intended reasons FL had to institute the CDD framework. It incentivized developer's to develop land that would otherwise not be developed, because it's location was less desirable and/or the infrastructure cost was prohibitive. Therefore, homes were easier to build and adding homes to the overall inventory, theoretically lowered prices.