Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Is CDD Forever? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/cdd-forever-314655/)

Elkiehound 01-04-2021 02:24 PM

Is CDD Forever?
 
Once you pay off your CDD obligation are there any annual maintenance, (other than Amenity Fee and Property Tax)?

Bogie Shooter 01-04-2021 02:32 PM

Quote:

Originally Posted by Elkiehound (Post 1882396)
Once you pay off your CDD obligation are there any annual maintenance, (other than HOA and property tax)?

Village Community Development Districts Finance Department

Remember: Even if you pay off your bond assessment, there will continue to be an
annual maintenance assessment that pays for the ongoing costs of maintaining the
infrastructure.

Further, it is not a HOA fee but an Amenity Fee.

Elkiehound 01-04-2021 02:45 PM

Thanks, is there a standard percentage for the annual maintenance assessment fee?

champion6 01-04-2021 02:56 PM

Quote:

Originally Posted by Elkiehound (Post 1882407)
Thanks, is there a standard percentage for the annual maintenance assessment fee?

No, it is determined by the annual budget of each CDD. It may go up or down or remain unchanged.

Elkiehound 01-04-2021 02:57 PM

Is there a general range to consider for budgeting purposes?

champion6 01-04-2021 03:00 PM

Quote:

Originally Posted by Elkiehound (Post 1882412)
Is there a general range to consider for budgeting purposes?

Call CDD Customer Service and ask. then post back here.

984 Old Mill Run and 4856 South Morse Boulevard
(352) 753-4508

CWGUY 01-04-2021 03:07 PM

Quote:

Originally Posted by Elkiehound (Post 1882412)
Is there a general range to consider for budgeting purposes?

No. You can go to Sumter County Property Appraiser - Joey Hooten - Bushnell, Florida - 352-569-6800 if you have an address you want to check on, you can do a search to pull up the tax bills for that address. The maintenance assessment will be on each bill. :)

Carla B 01-04-2021 04:50 PM

Quote:

Originally Posted by JoMar (Post 1882424)
Which raises another question, why don't people use the resources available rather than ask questions on here?

Maybe they don't live here yet and are just trying to develop a rough estimate of the cost to live here.

Laker14 01-04-2021 05:41 PM

Quote:

Originally Posted by JoMar (Post 1882424)
Which raises another question, why don't people use the resources available rather than ask questions on here?

While learning about the expenses of ownership, while considering buying here, and learning how the taxes are charged I was referred to the Sumter County Tax website. Very useful. I learned about it by asking questions on this forum. So, to answer your question I'd say "because they have not yet been taught were to find, and how to access the resources available".
This forum has been a great source of useful information for me.

Goldwingnut 01-04-2021 07:37 PM

Quote:

Originally Posted by Elkiehound (Post 1882412)
Is there a general range to consider for budgeting purposes?

There is no general range because of the way the assessment is calculated, it varies by neighborhood and CDD.

It's explained here:
Maintenance Assessment and The Villages 6-19-19 Construction Update - YouTube

The Bond is explained in this video
Bond Information and The Villages 5-30-19 Construction update - YouTube

and Amenity Fee is explained in these videos
The Amenity Fee (part 1) and The Villages 7-26-2020 Construction Update - YouTube
The Amenity Fee (part 2) and The Villages 8/17/20 Construction Update - YouTube

Elkiehound 01-04-2021 10:52 PM

Thanks for taking the time to share these videos. Perhaps they can be in a Sticky post for others if this is a popular topic.

Girlcopper 01-05-2021 08:12 AM

Quote:

Originally Posted by Carla B (Post 1882455)
Maybe they don't live here yet and are just trying to develop a rough estimate of the cost to live here.

So? Resources are available to non residents too. Anything of importance should be checked through a reliable source. Not a local blog where everyone has a different opinion

mikeritz53 01-05-2021 08:20 AM

Quote:

Originally Posted by Elkiehound (Post 1882396)
Once you pay off your CDD obligation are there any annual maintenance, (other than Amenity Fee and Property Tax)?

Make sure you are not mixing things up. There are 2 charges added to your annual Taxes. 1 is a Bond Fee (this goes on every property when it is initial sold and reduces each year) that eventually disappears and the other is a CDD Fee that is always going to be their

J1ceasar 01-05-2021 08:35 AM

So basically besides taxes the developer has decided to split the continuing maintenance of the infrastructure, from the amenities like the pools and tennis courts etc etc and clubs. This is why things look a lot cheaper just like why hotels now give you a resort fee as well as a room rate. I am amazed at how many people buy here and then ask questions when this is probably the biggest investment most of these people make

Larchap49 01-05-2021 09:18 AM

Fees
 
Quote:

Originally Posted by J1ceasar (Post 1882667)
So basically besides taxes the developer has decided to split the continuing maintenance of the infrastructure, from the amenities like the pools and tennis courts etc etc and clubs. This is why things look a lot cheaper just like why hotels now give you a resort fee as well as a room rate. I am amazed at how many people buy here and then ask questions when this is probably the biggest investment most of these people make

Mostly because no matter how many questions I asked at different times the maintenance fee was never disclosed. Only the bond, amenities, and taxes were ever mentioned. The maintenance fee was the surprise on our first tax bill. That was my experience I can't speak for others.


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