Quote:
Originally Posted by gryoung
The admin fee that you're referring to is on the tax bill, or is it something that get's added to the bond "payoff amount"?
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The Bond Amortization Schedules on the VCDD web site breaks down the annual bond payments as: Principal, Interest, Administrative, Total, and Balance. The Administrative fee declines slightly each year so it must be a fixed percentage of the balance. In our case the admin fee for the next few years is around $40. So I'd like to believe once the bond has been completely satisfied, that there's no longer an administrative fee charged (collected via the real estate tax collector.)