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Originally Posted by 2 Oldcrabs
Made settlement in Sanibel on a designer home in Jan. The maintenance fee for district 9 is $911.06 per year. The bond payoff is $20,269 or about $1713.56 per year for 30 years. (6.963% interest rate). $100 of the yearly bond payment goes to the county as a fee for collecting the bond. The total before property taxes is $2624.62. Since the the C.O. on my house was pulled in 2012 I will not know my property tax amount until 2013. I think my property taxes will be about $2,800 with homestead for a grand total of $5,424.62 per year.  |
Thanks for divulging your info. We purchased a lot in Fernandina in April and I recall our agent advising expect to pay about $6000.
What's interesting is the non tax deductible interest on the bond plus the $100/year charge. I've been an advocate of paying off the bond and with mortgage rates sub 4% it seems to me that it makes very good sense, IMHO