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Old 05-07-2011, 08:51 PM
cmfjr cmfjr is offline
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The total bond issued including interest for each VCDD district is divided equally among each assessable acre in the "phase" of the district for which the bond was issued. This is the "cost per acre". The cost per acre is then multiplied by the number of acres in the development unit in which the lot is. The unit cost is then divided by the number of lots/parcels in the unit.
That is why the premium homes have the highest bond as they have the fewest lots in that development unit. The designer homes are next as their density is great that the premiums but not as dense as the villas. The lot with larger square footage pays the same bond as all of the other lots in that unit. I have a CYV with a lot in excess of 8000 sq. feet and my bond is the same as a neighbor who has a lot of 4500 sq. feet. I hope this make sense as this was something I rustled with when I was looking last year!