Quote:
Originally Posted by elbear
I read somewhere there may be changes in bonds on new homes. Does anyone know any particulars?
How much is the bond on a new Iris? Tax on the bond?
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Lots of information on previous threads. Here is one of many:
Pay off Bond or Not?
Bond is determined by the unit and assigned to each lot or villa in the unit, not determined by the model of the home.
Interest you pay on the bond is usually 6-7% yearly. Neither the bond payment nor the interest you pay on the bond is
(not) tax deductible.
Taxes are regular property taxes to the county plus the annual maintenance fee to the Villages.
You can look it up here if you know what unit you are or will be in:
Village Community Development Districts