Bond Terms
You can certainly get all the bond information from the CDD where your house is located. But as I recall they're 10-year bonds. The muni rate these days is probably in the range of 4-1/2 to 5%, although it might be higher on CDD bonds because they wouldn't get as high a credit rating as a true municipality. That would effect the rate to a degree, but I would bet that these bonds are privately placed with local banks or investors. It wouldn't surprise me at all if Citizens First purchases many of the CDD bonds when issued.
Another question that either the CDD or your tax advisor might be able to answer is whether or not the bond payments or interest thereon can be deducted as "local taxes". I'm not certain of the answer, but my recollection is that they cannot be taken as a tax deduction.
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