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CDD Fees

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Old 03-13-2016, 11:42 AM
jayerose jayerose is offline
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Default CDD Fees

Are the following the same or two different fees?

-Community Development District fee
-CDD Maintenance Assessment Fees

thank you!
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Old 03-13-2016, 12:15 PM
baustgen baustgen is offline
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I believe one is on your monthly utility (water and trash usually around $145) bill. It is for maintaining the par 3 golf courses, pools, flowers, rec centers etc. The other is on your annual tax bill, it is for maintaining the roads. Based on you house valuation.
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Old 03-13-2016, 12:37 PM
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Originally Posted by baustgen View Post
I believe one is on your monthly utility (water and trash usually around $145) bill. It is for maintaining the par 3 golf courses, pools, flowers, rec centers etc. The other is on your annual tax bill, it is for maintaining the roads. Based on you house valuation.
Nothing is based on the value of your house, except property taxes.
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Old 03-13-2016, 06:27 PM
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Originally Posted by Bogie Shooter View Post
Nothing is based on the value of your house, except property taxes.
Actually I believe you are incorrect Bogie Shooter. CDD fees are different if you are a villa, designer or premier. As the price of the home increases, so does the CDD fee. Not based on $ value but design.
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Old 03-13-2016, 06:31 PM
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Actually I believe you are incorrect Bogie Shooter. CDD fees are different if you are a villa, designer or premier. As the price of the home increases, so does the CDD fee. Not based on $ value but design.
And you are WRONG.

Bogie - right again.
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Old 03-13-2016, 06:52 PM
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Originally Posted by jayerose View Post
Are the following the same or two different fees?

-Community Development District fee
-CDD Maintenance Assessment Fees

thank you!
Didn't you start this thread too? Property Taxes/Bond/CDD/Amenties...am I close here?
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Old 03-13-2016, 06:54 PM
tuccillo tuccillo is offline
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Here is what you will see, at least for most of The Villages:

Monthly Bill from the CDD that will include your amenities fee, potable water, irrigation water, sewer, and trash collection.

Yearly bill that will include your bond payment (if you have a bond), your property taxes, CDD maintenance fee, and fire department fee.

This may vary depending on the CDD you are in.

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Originally Posted by jayerose View Post
Are the following the same or two different fees?

-Community Development District fee
-CDD Maintenance Assessment Fees

thank you!
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Old 03-13-2016, 07:32 PM
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Didn't you start this thread too? Property Taxes/Bond/CDD/Amenties...am I close here?
CWGuy, very observant.
The poster probably didn't feel comfortable with the responses to their January query.
Jayerose, opinions differ. The best way to get factual information is to call CDD Central.


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Old 03-13-2016, 10:18 PM
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Quote:
Originally Posted by Bogie Shooter View Post
Nothing is based on the value of your house, except property taxes.
Quote:
Originally Posted by CWGUY View Post
And you are WRONG.

Bogie - right again.
My apologies ... I was thinking Bond when I originally responded, however, there is a difference in cost, listed under Non-Ad Valorem Assessments under Special Assessment Maintenance, which appears on The Sumter County Property Appraisers website which seems to follow what I stated prior. The more expensive neighborhoods, the more that cost is. Would you please explain?
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Old 03-13-2016, 10:32 PM
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Originally Posted by Phanatic Luvr View Post
My apologies ... I was thinking Bond when I originally responded, however, there is a difference in cost, listed under Non-Ad Valorem Assessments under Special Assessment Maintenance, which appears on The Sumter County Property Appraisers website which seems to follow what I stated prior. The more expensive neighborhoods, the more that cost is. Would you please explain?
VCDD Bond FAQs

If you don't see your answer there.... call the number listed and get the answer from the "horse's mouth" Which is what the OP should do. I gave him the same link in Jan. Doesn't do him any good to ask questions if he doesn't read answers.
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Old 03-13-2016, 11:23 PM
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JAYEROSE, I'm sure by now we all have you totally confused to say the least. What I have done below, to try and help you understand, is copied off The Sumter County Property Appraisers website (sumterpa.com), what roughly a Courtyard Villa pays yearly for their Non-Ad Valorem Assessments, then the second posting is for a Designer home and lastly what a Premier home would expect to pay. As stated above, this does NOT go by your home value but the unit in which your home is located. A unit is made up of a specific kind of home, Ex...Villa, Designer, Premier, etc..
There is also an Amenity Fee we all pay which is roughly $147.00 per month, which comes in your monthly utility bill. Hope this has helped.
Non-Ad Valorem Assessments
Levying authority

Courtyard Villa
VILLAGES FIRE DISTRICT 81.00 $81.00
JUNIPER SPEC ASMT MAIT @ 399.1800 $399.18
JUNIPER SPEC ASMT BOND @ 1086.0100 $1,086.01
Total $1,566.19

Designer
VILLAGES FIRE DISTRICT 81.00 $81.00
UNIT 152 SPEC ASMT MAIT @ 631.3600 $631.36
UNIT 152 SPEC ASMT BOND @ 1717.6500 $1,717.65
Total $2,430.01

Premier
VILLAGES FIRE DISTRICT 81.00 $81.00
UNIT 207 SPEC-MAIT @ 1497.7200 $1,497.72
UNIT 207 SPEC-BOND @ 3379.6700 $3,379.67
Total $4,958.39

And of course, these figures do NOT include your property taxes.
Just trying to be helpful!
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Old 03-14-2016, 07:03 AM
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Quote:
Originally Posted by Phanatic Luvr View Post
JAYEROSE, I'm sure by now we all have you totally confused to say the least. What I have done below, to try and help you understand, is copied off The Sumter County Property Appraisers website (sumterpa.com), what roughly a Courtyard Villa pays yearly for their Non-Ad Valorem Assessments, then the second posting is for a Designer home and lastly what a Premier home would expect to pay. As stated above, this does NOT go by your home value but the unit in which your home is located. A unit is made up of a specific kind of home, Ex...Villa, Designer, Premier, etc..
There is also an Amenity Fee we all pay which is roughly $147.00 per month, which comes in your monthly utility bill. Hope this has helped.
Non-Ad Valorem Assessments
Levying authority

Courtyard Villa
VILLAGES FIRE DISTRICT 81.00 $81.00
JUNIPER SPEC ASMT MAIT @ 399.1800 $399.18
JUNIPER SPEC ASMT BOND @ 1086.0100 $1,086.01
Total $1,566.19

Designer
VILLAGES FIRE DISTRICT 81.00 $81.00
UNIT 152 SPEC ASMT MAIT @ 631.3600 $631.36
UNIT 152 SPEC ASMT BOND @ 1717.6500 $1,717.65
Total $2,430.01

Premier
VILLAGES FIRE DISTRICT 81.00 $81.00
UNIT 207 SPEC-MAIT @ 1497.7200 $1,497.72
UNIT 207 SPEC-BOND @ 3379.6700 $3,379.67
Total $4,958.39

And of course, these figures do NOT include your property taxes.
Just trying to be helpful!

It would be interesting to know EXACTLY how the bond is calculated. For example, to use unit 218 as opposed to 152:

Designer
VILLAGES FIRE DISTRICT 81.00 $81.00
UNIT 152 SPEC ASMT MAIT @ 692.3600 $692.36
UNIT 152 SPEC ASMT BOND @ 2003.9400 $2,003.94
Total $2,777.30

This is 14% higher than unit 152
It seems that newer units have higher bonds, yet if they are using actual cost of building the infrastructure, given the nature of diesel fuel and asphalt, I would think those costs would have been higher when oil was $145/barrel

I suspect there is some strange formula at work, such as # of feet of road divided by # of homes in unit, but that doesn't explain why the premier units are double. Looking at the map of designer vs. premier units, I can find , at most, about a 20% higher ratio in premier units, but even that would not account for the lower cost of sewer and water connections to less homes in that unit.

So, my new suspicion is that the average value of a home in a given unit is playing a role in the calculation, yet another "progressive" tax and income redistribution.
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Old 03-14-2016, 07:39 AM
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Originally Posted by golfing eagles View Post
It would be interesting to know EXACTLY how the bond is calculated. For example, to use unit 218 as opposed to 152:

Designer
VILLAGES FIRE DISTRICT 81.00 $81.00
UNIT 152 SPEC ASMT MAIT @ 692.3600 $692.36
UNIT 152 SPEC ASMT BOND @ 2003.9400 $2,003.94
Total $2,777.30

This is 14% higher than unit 152
It seems that newer units have higher bonds, yet if they are using actual cost of building the infrastructure, given the nature of diesel fuel and asphalt, I would think those costs would have been higher when oil was $145/barrel

I suspect there is some strange formula at work, such as # of feet of road divided by # of homes in unit, but that doesn't explain why the premier units are double. Looking at the map of designer vs. premier units, I can find , at most, about a 20% higher ratio in premier units, but even that would not account for the lower cost of sewer and water connections to less homes in that unit.

So, my new suspicion is that the average value of a home in a given unit is playing a role in the calculation, yet another "progressive" tax and income redistribution.
From Village Community Development Districts web site.
I don't see anything here that supports your "suspicion". Perhaps you should call the Finance Department and ask.

Frequently Asked Questions

What is the Bond Debt Assessment for?

The bond debt assessment reflects each lots proportionate share of the cost of building the infrastructure within its District or for which its District has responsibility. It is the most equitable method of distributing costs between the properties that benefit from the infrastructure. Infrastructure includes storm water systems, underground pump stations, water retention areas, curbs, gutters, streetlights, transportation trails, underground piping, etc.

How does the District arrive at the amount? Does everyone pay the same amount?

The Bond Debt Assessment was set at the time the bond used to build the infrastructure was issued. The formula for calculating each lots proportionate share starts with the total cost of the bond (including interest) issued to pay for the infrastructure. That cost is divided equally among each assessable acre in the phase of the District for which the bond was issued. That gives you a cost per acre. The cost per acre is then multiplied by the number of acres in the unit in which you live. That gives you the obligation for the unit as a whole. The unit total cost is then divided by the number of lots or parcels in the unit, and that computation gives you the amount of the assessment levied against each property. Therefore, each lot within a unit pays the same amount. Amortization schedules for each unit are located on the Districts' website; Village Community Development Districts under the Finance Department link.
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Old 03-14-2016, 07:48 AM
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Quote:
Originally Posted by Bogie Shooter View Post
From Village Community Development Districts web site.
I don't see anything here that supports your "suspicion". Perhaps you should call the Finance Department and ask.

Frequently Asked Questions

What is the Bond Debt Assessment for?

The bond debt assessment reflects each lots proportionate share of the cost of building the infrastructure within its District or for which its District has responsibility. It is the most equitable method of distributing costs between the properties that benefit from the infrastructure. Infrastructure includes storm water systems, underground pump stations, water retention areas, curbs, gutters, streetlights, transportation trails, underground piping, etc.

How does the District arrive at the amount? Does everyone pay the same amount?

The Bond Debt Assessment was set at the time the bond used to build the infrastructure was issued. The formula for calculating each lots proportionate share starts with the total cost of the bond (including interest) issued to pay for the infrastructure. That cost is divided equally among each assessable acre in the phase of the District for which the bond was issued. That gives you a cost per acre. The cost per acre is then multiplied by the number of acres in the unit in which you live. That gives you the obligation for the unit as a whole. The unit total cost is then divided by the number of lots or parcels in the unit, and that computation gives you the amount of the assessment levied against each property. Therefore, each lot within a unit pays the same amount. Amortization schedules for each unit are located on the Districts' website; Village Community Development Districts under the Finance Department link.

Thanks for posting what is in the link I tried to give them. All things that should be asked BEFORE buying. I understand the OP not knowing.
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Old 03-14-2016, 07:52 AM
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Quote:
Originally Posted by Bogie Shooter View Post
From Village Community Development Districts web site.
I don't see anything here that supports your "suspicion". Perhaps you should call the Finance Department and ask.

Frequently Asked Questions

What is the Bond Debt Assessment for?

The bond debt assessment reflects each lots proportionate share of the cost of building the infrastructure within its District or for which its District has responsibility. It is the most equitable method of distributing costs between the properties that benefit from the infrastructure. Infrastructure includes storm water systems, underground pump stations, water retention areas, curbs, gutters, streetlights, transportation trails, underground piping, etc.

How does the District arrive at the amount? Does everyone pay the same amount?

The Bond Debt Assessment was set at the time the bond used to build the infrastructure was issued. The formula for calculating each lots proportionate share starts with the total cost of the bond (including interest) issued to pay for the infrastructure. That cost is divided equally among each assessable acre in the phase of the District for which the bond was issued. That gives you a cost per acre. The cost per acre is then multiplied by the number of acres in the unit in which you live. That gives you the obligation for the unit as a whole. The unit total cost is then divided by the number of lots or parcels in the unit, and that computation gives you the amount of the assessment levied against each property. Therefore, each lot within a unit pays the same amount. Amortization schedules for each unit are located on the Districts' website; Village Community Development Districts under the Finance Department link.
It was just a suspicion, and you may be right.
But take a look at the map of various units, It's hard to say without exact numbers, but it does not APPEAR BY EYEBALLING IT, that the acreage per home site is DOUBLE in premier units, but I may be wrong
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