Talk of The Villages Florida - View Single Post - When bonds dry up, who pays infrastructure?
Thread: When bonds dry up, who pays infrastructure?
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Old 08-18-2012, 04:57 PM
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Quote:
Originally Posted by ilovetv View Post
Just go to the Sumter County Tax Collector website and lookup some TV properties. There it shows clearly what the bond annual amount is, and the maintenance separately. Ours is about $1000/year for the bond payment, and about $300/year for the maintenance.

There's nothing sinister about the bond payments and infrastructure maintenance fees. Many newbies get all suspicious about this, like TV is hiding something from the buyer, and as if they never paid for infrastructure construction in their lot price, or maintenance, before in their city/county taxes elsewhere.
You are right. I had never thought of it that way but it is something that happens. I think it is because this place just seems too good to be true. I felt the same way when I came here the first time. ...O.K...what's the catch?
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