Quote:
Originally Posted by janmcn
Someone just mentioned on another thread that September 15 was the last day to pay mid-year. Since that just passed, you will have to wait until you get your next statement with the date to pay.
|
Sorry but you don't have to wait and if you do wait you will likely pay even more interest, (like nearly 7%), plus the $100 + administrative fee, and a $10 fee to release the lien. Right now since it after September 16th
you will pay another 6 months interest for next year no matter what you do even if you pay it today but if you wait until after March 16th 2014 you will be charged another full year's interest.
(Previously until the rules were changed you would have had to pay another full year's interest even if you paid it off today.)
Call and get your payoff now and you can pay it off anytime if you desire. Payoff amount won't change until March 17th 2014 when another 6 months interest will be added to the payoff. You have already have been charged interest on the bond up until then.
Village Community Development Districts
From the above website:
If you pay off your bond between September 17th and March 16th you will owe six months additional interest.
If you pay off your bond between March 17th and the following July cut off date, the full annual assessment of interest is owed.
Contact the Bond Unit at (352) 751-3900 for your Bond Payoff amount.
The July cut off date is July 25, 2014 to eliminate the bond assessment on your 2014 Tax Bill.
Actually you can pretty much figure your payoff from this site if you know how many years have been paid.
Bond Amortization Schedules
http://www.districtgov.org/departmen...rtization.aspx