Do fees/HOA dues remain the same or do they change over time?
 

I'm curious to know how the HOA and any other fees work in TV. Do they go up over the years and if so by how much?

First of all, there is no HOA. All the other fees will go up according to the budget established by the CDD's each year.

Trash rates are going up each year with the new contract that was put into effect at the end of last year. Your amenities fees and yearly maintenance fees (paid in your yearly property taxes) are subject to district budgets and special assessments (if needed) within your district. FYI, Our monthly amenities fees have gone up approx. $8 a month over the past 4 years.

The Amenity Fees which are right now around $155 a month are based on the cost of living index. (Which I don't want to even think about due to recent National spending)

We are NOT like other developments where someone decides to redesign the golf course and hire a chef and pass on those expenses to the homeowner. THANK HEAVENS. I love our CDD.

The monthly amenity fee goes up each year on the anniversary of your home purchase. It increases by the CPI index, same as your Social Security check.

If you sell and purchase a new home, the fee for the new home re-sets to the current rate, usually an increase over what you have been paying.


The annual bond payment is the same each year, unless the bond has been refinanced to a lower interest rate. Then the amount can go down slightly.

The annual maintenance payment is set by your local CDD district according to their budget needs. Much of it goes to Project Wide Committee for joint Village maintenance needs. (Or Amenity Authority Committee if north of 466.)

Trash collection is on the monthly amenity fee bill. It goes up a little each year.

Fire protection is on the annual property tax bill. It goes up in jumps.

Thankfully TV is not an HOA structure...been there done with that.

I concur with an earlier post, since 2017 the monthly amenity fee has gone up $8...not bad given how beautiful the common areas are maintained and for how many things are available

life in TV is pretty nice, very little crime and a safe place to be (except for the few folks that shouldn't be driving)

2021 0310 Wed @ 14:02
My amenities fee is $162 monthly. I bought in September of last year southeast of the turnpike.

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You most likely get the idea. My activity bill includes my trash fee and runs about $187 for the two. Many have water and sewer included in that bill as well. We get a separate bill for water and sewer. We have our tax bill which is paid once a year from escrow and our escrow includes the bond payment. I have no idea what the maintenance fee is that people are talking about.

The maintenance fee is on the annual property tax bill. It is listed right under the bond payment.

There are no HOA fees in TV.

Are bond fees yearly? I was told it was a one time fee that can be paid off! When they advertise homes many say bond paid!

All about bonds.
Finance

Good idea to check on all fees.
 

In Sumter County our fees were considerably higher than Lake County.
Be sure to check maintenance, bond, utilities and taxes. The amenity fee is just one piece of the cost.

Thanks everyone, I think I'm getting the gist of the fees associated with owning in TV. They sound pretty darned reasonable actually.

Wrong There are a few areas in TV that have HOA fees. I lived in one we have our own pool and park area. There is one at LSL as you cross the bridge

If the amenity fee is raised, it is on the anniversary of the land sale, not the home sale.

I wish they would allow us to pick our own trash company and have options for gas and electricity ( or at least make it a co-op ) .There needs to be competition like in other areas because if your service is bad, or they raise rates we have no say.

My electric provider is SECO, a co-op.

I noticed our Belvedere villa (2B 2B) has very high tax compared to some of the bigger houses in Sumpter. But the initial bond was low in 2003. Does anyone know there are relationship between property tax and bond?

None.

Bond Info. Finance

No "P" in Sumter.

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I do NOT believe that the cost of living index is affected by National Government spending as long as inflation and interest rates remain low.

Amenity Fees
 

I just my home in October 2020 and in Februaryu amenity Fees went up $2.21 to $164.21. When I called about it, they just said cost of living raise. I too, believed it was yearly, but they said no. It's only been 4 months. What gives?

We had our house broken into 5 years ago while we were away (they were tipped off that we were away - perhaps by day lawn workers). They got about $3,000 worth of equipment. There is LESS crime in TV Land than in comparable cities in Florida. But, be aware, it is not zero crime and it is MORE than people realize. The newspaper "downplays" it.

You're right about advertising homes!
We paid our bond, and we don't regret it.

Did you buy the house new or used?

I bought used.

I believe the annual amenities increase will be on the anniversary of when the original sales contract for the new home was signed, not the anniversary of when you purchased.

The bond fee is added to your annual property tax bill, so it is yearly.

Depending which district you are in, it can be 30 or more years. If you bought a pre-owned home, the term is less according to how many years the previous owner has been paying.

Some owners choose to pay the entire bond early so as to avoid interest. If you have an extra $25,000 - 35,000 laying around that you don't need, then consider it. There are many threads here on the wisdom of paying the bond early or not.

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Hey Kahuna... I grew up in Birmingham, MI. Have a place on Hadley!

We do not have an HOA our system works through CDD.

It is curious to me our garbage rates have gone up, yet, now we don't get to recycle...which, in my mind says, our garbage/trash/recycle has actually gone down, because, really, our household of 2, now that we combine everything, only comes to about 1/2-3/4 of a bag, sometimes 2x a week, but sometimes not. SO, my question is...can I reduce my cost by opting out of having garbage pick up totally? That way, I can continue to recycle, and take my garbage to a local dump when I feel the need