[zcaveman]

Originally Posted by zcaveman

I was under the impression that you could pay the bond off anytime up to July without incurring the interest charge for that year. The only reason to wait until July is that you could get some interest on the money in the bank before paying the bond off. If you waited until after the July cutoff you would have to pay that year's interest payment also.

Fronm the districtgov.org: VCDD What's Happening

Bond Payoff Cutoff Date Reminder

For those of you who received your Bond Payoff Notices back in May and might have set them aside to pay off your bond closer to the cutoff date, now is the time to dig out your notice if you intend to pay it off before the July 20th cutoff date.

Paying off your bond by July 20th will eliminate any further yearly bond assessments on your tax bill. However, if you pay your bond after the July 20th cut-off date, you will incur one last annual bond assessment on the November 2012 tax bill and your payoff amount will change. The payoff amount will be reduced by the amount of principle paid in the November 2012 tax bill assessment.

Our Bond Specialists are available to answer any questions you may have about the bond on your property. You may contact them at 352-751-3900 or you are welcome to come to the Districts’ Customer Service Center at 3201 Wedgewood Lane with your questions or bond payoffs.

Z

Originally Posted by KeepingItReal

Unfortunately NO, the interest is charged to you up front. In our case our house was not even built until late August, we had no opportunity to pay it off in JULY, we received no letter in May (of course). With all that we paid the bond in full at closing on November 08, 2011 and they want to and did tack on another $1,363.38 interest for October 01, 2011 thru September 30 , 2012 even though we don't even owe on our bond.

Have you called the number I mentioned above to see what they say about your problem?