Assessment on tax bill

[roob1]

What is the SPEC ASMT MAIT that appears on the new tax bill for about $650?

Thanks

[champion6]

What is the SPEC ASMT MAIT that appears on the new tax bill for about $650?
ThanksIt is an annual assessment from your CDD for operations and maintenance, which can fluctuate up and down from year to year based on the budget adopted for that fiscal year.

From the District website: The cost to operate a CDD is borne by those who benefit from its services. Property owners within the numbered CDDs within The Villages are subject to a non-ad valorem assessment, which appears on their annual property tax bill from the county tax collector and may consist of two parts-an annual assessment for operations and maintenance, which can fluctuate up and down from year to year based on the budget adopted for that fiscal year-and an annual capital assessment to repay bonds sold by the CDD to finance community infrastructure and facilities, which annual assessments are generally fixed for the term of the bonds. Because costs and services vary depending upon the individual CDD, specific fee information is available for each community.

More details here: VCDD FAQs (https://www.districtgov.org/faq.aspx)

[CWGUY]

It is an annual assessment from your CDD for operations and maintenance, which can fluctuate up and down from year to year based on the budget adopted for that fiscal year.

From the District website: The cost to operate a CDD is borne by those who benefit from its services. Property owners within the numbered CDDs within The Villages are subject to a non-ad valorem assessment, which appears on their annual property tax bill from the county tax collector and may consist of two parts-an annual assessment for operations and maintenance, which can fluctuate up and down from year to year based on the budget adopted for that fiscal year-and an annual capital assessment to repay bonds sold by the CDD to finance community infrastructure and facilities, which annual assessments are generally fixed for the term of the bonds. Because costs and services vary depending upon the individual CDD, specific fee information is available for each community.

More details here: VCDD FAQs (https://www.districtgov.org/faq.aspx)

:) Very good link.... very informative. :ohdear: If you are thinking of buying in The Villages you should do your homework and read this BEFORE buying.

[Jack9696]

Certain ccds do not have this assessment. Can't recall which ones.

[CWGUY]

Certain ccds do not have this assessment. Can't recall which ones.

:ohdear: You didn't look at the link - did you? I'm guessing you are not correct. If I am wrong please tell us which ones and how they do finance their operations and maintenance. :icon_wink:

Lake Co. and the "Old Side" ?

[Jack9696]

:ohdear: You didn't look at the link - did you? I'm guessing you are not correct. If I am wrong please tell us which ones and how they do finance their operations and maintenance. :icon_wink:I did read the whole thing once.

"The Village Center District and Sumter Landing District operate from the contractual amenity fees collected from the residents within the CDD, and from other general revenues."

I own properties in both these areas and have never paid the extra annual fee.


VCDD FAQs (https://www.districtgov.org/faq.aspx)


This is a big issue overlooked by most.

[CWGUY]

I did read the whole thing once.

"The Village Center District and Sumter Landing District operate from the contractual amenity fees collected from the residents within the CDD, and from other general revenues."

I own properties in both these areas and have never paid the extra annual fee.


VCDD FAQs (https://www.districtgov.org/faq.aspx)


This is a big issue overlooked by most.

You must be a commercial property owner.

From The District Web Site:

Sumter Landing Community Development District



Sumter Landing Community Development District was established pursuant to Florida Statutes Chapter 190 and Sumter County Ordinance No.02-06 on March 19, 2002. The lands that are encompassed by the District are located in the Sumter County, FL and consist of approximately 432 acres. The geographical boundary of the District is comprised of commercial properties.

Maintenance of the infrastructure is provided through an annual assessment to commercial property owners based upon square footage of the benefitting properties.


District Administration
984 Old Mill Run
The Villages, Florida 32162
Phone: 352-751-3939 - Fax: 352-753-6430

So.... just not on your "tax bill" like in a numbered district.(1-12) Just guessing on my part, but someone has to pay - right?

[Jack9696]

You must be a commercial property owner.

From The District Web Site:

Sumter Landing Community Development District



Sumter Landing Community Development District was established pursuant to Florida Statutes Chapter 190 and Sumter County Ordinance No.02-06 on March 19, 2002. The lands that are encompassed by the District are located in the Sumter County, FL and consist of approximately 432 acres. The geographical boundary of the District is comprised of commercial properties.

Maintenance of the infrastructure is provided through an annual assessment to commercial property owners based upon square footage of the benefitting properties.


District Administration
984 Old Mill Run
The Villages, Florida 32162
Phone: 352-751-3939 - Fax: 352-753-6430

So.... just not on your "tax bill" like in a numbered district.(1-12) Just guessing on my part, but someone has to pay - right?

Homeowners in these districts do not pay.