Annual Maintenance Assessment

[flamilak]

Hi, everyone!
Quick question…
My husband & I are closing in about a month on our first home in The Villages! We just came across a surprising fee today: the annual maintenance assessment.
I can’t find any information at all on this fee. District Org says it’s voted on annually and it looks like it may vary per district.
We will be in district 10, Village of Hillsborough.
Please help us out and tell us anything you can about this fee & how much we might expect to pay & when/to whom...
Thanks so much!

[retiredguy123]

The annual maintenance assessment is the cost to maintain the infrastructure, such as the roads and utilities in your neighborhood. It will show up on the non-ad valorem section of your property tax bill. It could be about $400 to $600 per year.

[rjm1cc]

Their are other fees their also. You pay with your real estate taxes. Go to the county tax collector site and look up a home in your area. The extra fees I think are independent of the cost of your home.

[biker1]

My District 10 Annual Maintenance Fee is currently $548.87. This fee has not changed since 2004. There is a proposal to increase the fee to $592.78 for FY 2021-2022. I suspect the proposal will pass. The Maintenance Fee is billed annually on your Tax Bill that shows up in the November time frame. Essentially, this fee is used to maintain the common infrastructure of the district.

Hi, everyone!
Quick question…
My husband & I are closing in about a month on our first home in The Villages! We just came across a surprising fee today: the annual maintenance assessment.
I can’t find any information at all on this fee. District Org says it’s voted on annually and it looks like it may vary per district.
We will be in district 10, Village of Hillsborough.
Please help us out and tell us anything you can about this fee & how much we might expect to pay & when/to whom...
Thanks so much!

[Luggage]

Just another way to fleece the taxpayer. Please note the state regulates how real estate taxes can be raised and lowered so Florida has a lot of separate fees that are paid besides the usual school fees, you find out there are hospital, water, electric, fire district, etc etc so while it is true Florida has low taxes and no income taxes you get hit over the head with all these ancillary taxes, still much cheaper due to no if state income taxes

[jerseyvillager]

The price you pay to live in TV. If you find someplace better let me know.

[Rose Ann Vinci Igoe]

[QUOTE=flamilak;1989174]Hi, everyone!
Quick question…
My husband & I are closing in about a month on our first home in The Villages! We just came across a surprising fee today: the annual maintenance assessment.
I can’t find any information at all on this fee. District Org says it’s voted on annually and it looks like it may vary per district.
We will be in district 10, Village of Hillsborough.
Please help us out and tell us anything you can about this fee & how much we might expect to pay & when/to whom...
Thanks so much![/QUOTE

[Bill14564]

Hillsborough is entirely within Sumter County and is not new construction which means you can find the previous tax bills for that home on the Sumter County Tax Collector page.

As others have pointed out, the maintenance assessment will vary by property and will be in the $400 - $600 range with a proposed 8% increase for 2022.

[Bilyclub]

GoldWingNut has numerous Youtube videos with accurate information about TV. He also is the Chair of the Board of Supervisors of your district.

42 Maintenance Assessment and The Villages 6-19-19 Construction Update - YouTube (https://www.youtube.com/watch?v=Ufm_ycOnbto)

[PugMom]

The price you pay to live in TV. If you find someplace better let me know.

:clap2:

[Goldwingnut]

Hi, everyone!
Quick question…
My husband & I are closing in about a month on our first home in The Villages! We just came across a surprising fee today: the annual maintenance assessment.
I can’t find any information at all on this fee. District Org says it’s voted on annually and it looks like it may vary per district.
We will be in district 10, Village of Hillsborough.
Please help us out and tell us anything you can about this fee & how much we might expect to pay & when/to whom...
Thanks so much!

Flamilak, please feel free to drop me a message or call me, my phone number can be found on the districtgov.org page for CDD10 or on my company webpage goldwingnut.com . I can give you all the information you may be looking for.

I too am a resident of the Village of Hillsborough and as has been already said, I am Chairman of the CDD 10 Board of Supervisors, I'm also Chairman of the Project Wide Advisory Committee (PWAC).

I've attached the proposed maintenance assessments for next fiscal year are in the attachment below, just look up the unit number or villa community for the correct amount. Since 2014 the maintenance has decreased 6% (in 2016) and remained constant since. Unfortunately, over the last 7 years costs have increased more than all the austerity and cost reductions have been able to compensate for and we will have our first increase of 8% next year. You may read of other districts cutting their maintenance assessments and having substantial capital reserves. these CDD's residents have been paying significantly higher fees than CDD10 or may have been needed for many years. These cuts are coming in the wake of concerned resident involvement in our local governments.

I can and will provide more details on the budget and maintenance assessment increase for CDD-10 if needed or requested.

Things are not as bad as many will make it out to be.

[Laker14]

Just another way to fleece the taxpayer. Please note the state regulates how real estate taxes can be raised and lowered so Florida has a lot of separate fees that are paid besides the usual school fees, you find out there are hospital, water, electric, fire district, etc etc so while it is true Florida has low taxes and no income taxes you get hit over the head with all these ancillary taxes, still much cheaper due to no if state income taxes

It doesn't seem unreasonable to me to have a tax dedicated to maintaining the infrastructure. These things to wear out with time. How else would you pay for them?

[retiredguy123]

The maintenance assessment appears on the real estate tax bill, but it is not actually a tax. In The Villages, every house has a bond that represents money that was borrowed to construct the infrastructure when the houses were built. The annual maintenance assessment is basically the cost to provide the ongoing maintenance of that infrastructure. The bond payments and the maintenance assessments are included in the non-ad valorem section of the tax bill. That means that the assessment is not based on the value of the house, and is not a real estate tax. In areas of the country where the houses do not have a bond, taxes are used to pay for infrastructure maintenance.

[Marathon Man]

Just another way to fleece the taxpayer. Please note the state regulates how real estate taxes can be raised and lowered so Florida has a lot of separate fees that are paid besides the usual school fees, you find out there are hospital, water, electric, fire district, etc etc so while it is true Florida has low taxes and no income taxes you get hit over the head with all these ancillary taxes, still much cheaper due to no if state income taxes

Seems like a contradiction.

[stevecmo]

It doesn't seem unreasonable to me to have a tax dedicated to maintaining the infrastructure. These things to wear out with time. How else would you pay for them?

Maybe if we had a national dedicated tax/assessment for infrastructure, maybe congress wouldn't be talking about a multi trillion dollar "infrastructure" bill that only a third of the money goes to actual infrastructure and the rest is pork!

Maybe. But they would just borrow from that fund like they have all the rest.

[dewilson58]

Maybe if we had a national dedicated tax/assessment for infrastructure,

It's that the Federal Gas Tax??

[Garywt]

This is a fee that I don’t think about as it is part of the tax bill. I pay escrow with my mortgage and that takes care of the tax bill. Enough said.

[Laker14]

I have yet to pay my first tax bill as a TV owner, a joy yet to be experienced.
I notice that the "bill" has two parts, the "tax" part, and the "assessment" portion.
I am making a few assumptions here, and perhaps someone more knowledgeable than I can correct, or give more information.

I am assuming that the process for establishing my tax responsibility is in the hands of a different entity than the process for the assessment.
Looking at the non ad valorem portion, it is broken down into some subcategories, and I am guessing that each of those categories has its own entity responsible for establishing that cost.

And my last assumption is that while one is a tax, another is an assessment, as a matter of convenience and cost savings, one entity, the Sumter County Tax Office, sends out the bills, and collects the money, and then distributes the money to the appropriate agencies.

Given that one is a tax, and the other is an assessment, are they treated differently by the IRS? Would the assessment not be a deductible item?

[Goldwingnut]

I have yet to pay my first tax bill as a TV owner, a joy yet to be experienced.
I notice that the "bill" has two parts, the "tax" part, and the "assessment" portion.
I am making a few assumptions here, and perhaps someone more knowledgeable than I can correct, or give more information.

I am assuming that the process for establishing my tax responsibility is in the hands of a different entity than the process for the assessment.
Looking at the non ad valorem portion, it is broken down into some subcategories, and I am guessing that each of those categories has its own entity responsible for establishing that cost.

And my last assumption is that while one is a tax, another is an assessment, as a matter of convenience and cost savings, one entity, the Sumter County Tax Office, sends out the bills, and collects the money, and then distributes the money to the appropriate agencies.

Given that one is a tax, and the other is an assessment, are they treated differently by the IRS? Would the assessment not be a deductible item?

You are correct, the taxes come from different authorities. The county board of commissioners set the county tax, the state and the school board have a tax, the state water management district (nothing to do with the water on your water bill) have a tax. The non-ad valorem assessments include a county fee for fire protection set by the BOCC, a CDD maintenance assessment that is set by the individual CDD boards, the construction bond (if you have one) set by the CDD board early on in construction.

I can't speak for the other non-county entities but the CDDs pay a 4% fee to the county for the collection services they provide for both the bond and the maintenance assessments.

Yes, they are treated differently by the IRS, the county ad-valorem tax is generally tax deductible, the rest you should contact a tax consultant about.

You can call it a fee, an assessment, a tax, or anything else you want, if you pay it to a government body and have no choice in the matter of paying it, it's a TAX.

[Topspinmo]

It's that the Federal Gas Tax??


I find it funny when people complain about big corporations getting tax breaks when federal government makes more on gallon of gas than the company’s producing it. I be wanting tax break also

[Topspinmo]

You are correct, the taxes come from different authorities. The county board of commissioners set the county tax, the state and the school board have a tax, the state water management district (nothing to do with the water on your water bill) have a tax. The non-ad valorem assessments include a county fee for fire protection set by the BOCC, a CDD maintenance assessment that is set by the individual CDD boards, the construction bond (if you have one) set by the CDD board early on in construction.

I can't speak for the other non-county entities but the CDDs pay a 4% fee to the county for the collection services they provide for both the bond and the maintenance assessments.

Yes, they are treated differently by the IRS, the county ad-valorem tax is generally tax deductible, the rest you should contact a tax consultant about.

You can call it a fee, an assessment, a tax, or anything else you want, if you pay it to a government body and have no choice in the matter of paying it, it's a TAX.

It maybe cheaper to just rent? :duck:

[golfing eagles]

It maybe cheaper to just rent? :duck:

Pretty sure the landlord builds his tax cost into the rent

[brianherlihy]

just live her and you will get riped off all the time

[Bogie Shooter]

just live her and you will get riped off all the time

What does this mean?:confused: