I cut and pasted this from The Villages Community Development Districts bond FAQ's:
How do I pay for the Bond Assessment if I don’t pay it in full?
These assessments are scheduled to be repaid in annual charges that are in the Non-Ad Valorem section of your county property tax bill until they are paid off. The annual assessment includes principal, interest and an administrative fee.
The web site is: Village Community Development Districts if you want more info.
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Born and raised in Dubuque, Iowa. Chicago 1979 to 1986. Northwest Suburbs of Chicago - Schaumburg since 1988.
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