[jayerose]

Trying to figure out the above...

Property Taxes (Ad Valorem Taxes) are based on sales price of home.

Bond is to recover the costs of the infrastructure (sewer, water, streets, electric, cable, etc.) in your section. Some older homes may have the bond paid off.

CDD Maintenance Assessment Fees (Non-Ad Valorem Assessments) is to pay for improvements for the golf courses, recreation center, pools, etc). Can be from $100 to $600 per month depending on where you live.

Amenities Fee is used to pay for the upkeep of recreational facilities. $145 per month.

[golfing eagles]

Originally Posted by jayerose

Trying to figure out the above...

Property Taxes (Ad Valorem Taxes) are based on sales price of home.

Bond is to recover the costs of the infrastructure (sewer, water, streets, electric, cable, etc.) in your section. Some older homes may have the bond paid off.

CDD Maintenance Assessment Fees (Non-Ad Valorem Assessments) is to pay for improvements for the golf courses, recreation center, pools, etc). Can be from $100 to $600 per month depending on where you live.

Amenities Fee is used to pay for the upkeep of recreational facilities. $145 per month.

Sort of:
Property taxes are based on assessed valuation and paid in arrears. So depending on time of year, if you buy a brand new home the assessment may only be for the land the first year. Also, if you plan on becoming a permanent resident there is a $50,000 homestead exemption on the assessment. Current tax rate for all ad valorem taxes is about $11.92 , at least in Sumter Co., Lake Deaton.
The bond amount depends on sale price, in a new home mine was about 6.25% of the purchase. It can be paid all at once, or amortized over 30 years at about 6% interest. Pre-owned homes may have paid down part or all of the bond. Some people hate "the bond", but in reality it is just a different way of paying for infrastructure. In a traditionally financed development, the same amount would have been added to the purchase price of the home.
Thee CDD assessment is non ad valorem but paid YEARLY on the tax bill---mine was $692.
The monthly amenity fee is around $145, it goes up a few cents each year

[CWGUY]

Originally Posted by jayerose

Trying to figure out the above...

Property Taxes (Ad Valorem Taxes) are based on sales price of home.

Bond is to recover the costs of the infrastructure (sewer, water, streets, electric, cable, etc.) in your section. Some older homes may have the bond paid off.

CDD Maintenance Assessment Fees (Non-Ad Valorem Assessments) is to pay for improvements for the golf courses, recreation center, pools, etc). Can be from $100 to $600 per month depending on where you live.

Amenities Fee is used to pay for the upkeep of recreational facilities. $145 per month.

Research....research.... then a little more research.

Not too sure about that info. Ours is no where near $100.00 a month. Much less.

[TVMayor]

2016 Residential Impact Fees, Lake County

Effective January 11, 2016.
$10,602.00+


https://www.lakecountyfl.gov/departm..._schedule.aspx

[CWGUY]

Originally Posted by golfing eagles

Sort of:
Property taxes are based on assessed valuation and paid in arrears. So depending on time of year, if you buy a brand new home the assessment may only be for the land the first year. Also, if you plan on becoming a permanent resident there is a $50,000 homestead exemption on the assessment. Current tax rate for all ad valorem taxes is about $11.92 , at least in Sumter Co., Lake Deaton.
The bond amount depends on sale price, in a new home mine was about 6.25% of the purchase. It can be paid all at once, or amortized over 30 years at about 6% interest. Pre-owned homes may have paid down part or all of the bond. Some people hate "the bond", but in reality it is just a different way of paying for infrastructure. In a traditionally financed development, the same amount would have been added to the purchase price of the home.
Thee CDD assessment is non ad valorem but paid YEARLY on the tax bill---mine was $692.
The monthly amenity fee is around $145, it goes up a few cents each year

Bond "not" based on price of home.

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 lot’s 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.'

VCDD Bond FAQs

[tuccillo]

Not exactly. The bond is fixed for a "unit" of homes and is not based on the sales price of your homes. Check your Villages ID for the unit - it is listed under "U/L" - U in your unit and L is your lot within the unit. All homes within the same unit have the same bond price. There is a CDD maintenance charge - around $700ish per year to maintain the infrastructure. The Amenities Fee increases are tied to the CPI.

Originally Posted by golfing eagles

Sort of:
Property taxes are based on assessed valuation and paid in arrears. So depending on time of year, if you buy a brand new home the assessment may only be for the land the first year. Also, if you plan on becoming a permanent resident there is a $50,000 homestead exemption on the assessment. Current tax rate for all ad valorem taxes is about $11.92 , at least in Sumter Co., Lake Deaton.
The bond amount depends on sale price, in a new home mine was about 6.25% of the purchase. It can be paid all at once, or amortized over 30 years at about 6% interest. Pre-owned homes may have paid down part or all of the bond. Some people hate "the bond", but in reality it is just a different way of paying for infrastructure. In a traditionally financed development, the same amount would have been added to the purchase price of the home.
Thee CDD assessment is non ad valorem but paid YEARLY on the tax bill---mine was $692.
The monthly amenity fee is around $145, it goes up a few cents each year

[CWGUY]

By all means ask and read on this site(TOTV) but do your own homework too. People try to be helpful but alot don't know the answers. Alot will give misinformation.

There are alot of good sites out there. Village Community Development Districts is one.

Sumter County Property Appraiser - Joey Hooten - Bushnell, Florida - 352-569-6800 is good also.

[golfing eagles]

Originally Posted by CWGUY

Bond "not" based on price of home.

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 lot’s 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.'

VCDD Bond FAQs

didn't know that, thank you
Wish they did income tax the same way

[RickeyD]

Originally Posted by jayerose

Trying to figure out the above...



Property Taxes (Ad Valorem Taxes) are based on sales price of home.



Bond is to recover the costs of the infrastructure (sewer, water, streets, electric, cable, etc.) in your section. Some older homes may have the bond paid off.



CDD Maintenance Assessment Fees (Non-Ad Valorem Assessments) is to pay for improvements for the golf courses, recreation center, pools, etc). Can be from $100 to $600 per month depending on where you live.



Amenities Fee is used to pay for the upkeep of recreational facilities. $145 per month.

All correct, what's the question?

[CWGUY]

Originally Posted by CWGUY

By all means ask and read on this site(TOTV) but do your own homework too. People try to be helpful but alot don't know the answers. Alot will give misinformation.

There are alot of good sites out there. Village Community Development Districts is one.

Sumter County Property Appraiser - Joey Hooten - Bushnell, Florida - 352-569-6800 is good also.

Originally Posted by RickeyD

All correct, what's the question?

I rest my case. I just looked up a house I knew was listed for 1.5 milllion.
It is assessed for just over 1 million. The BOND PAYMENT is $1220.00 a year. THE MAINT. IS $1120.00 a year. TAXES are over $12,000.00 TOTAL over $14,000

RickeyD - could you please show me home paying $7,200 a year in BOND MAINT. It may be out there, but I can't find it. Thanks.

[RickeyD]

I may have misunderstood. The bond payment is a function of the infrastructure cost divided by the number of lots. The price of a house does not directly determine what the bond payment is.

[tuccillo]

The quoted range of $100-$600 per month for CDD maintenance is clearly not correct. Your assertion that there is a lot of misinformation on ToTV is correct. The CDD maintenance fee varies by CDD and unit (a group of homes) within the CDD. A ballpark range is something like $200 to $1200 per year. It is easy enough to look up the actual number because the annual maintenance budgets are posted on-line with the exact value of the maintenance fee per unit for the upcoming fiscal year.

Originally Posted by CWGUY

I rest my case. I just looked up a house I knew was listed for 1.5 milllion.
It is assessed for just over 1 million. The BOND PAYMENT is $1220.00 a year. THE MAINT. IS $1120.00 a year. TAXES are over $12,000.00 TOTAL over $14,000

RickeyD - could you please show me home paying $7,200 a year in BOND MAINT. It may be out there, but I can't find it. Thanks.

[CWGUY]

Originally Posted by tuccillo

The quoted range of $100-$600 per month for CDD maintenance is clearly not correct. Your assertion that there is a lot of misinformation on ToTV is correct. The CDD maintenance fee varies by CDD and unit (a group of homes) within the CDD. A ballpark range is something like $200 to $1200 per year. It is easy enough to look up the actual number because the annual maintenance budgets are posted on-line with the exact value of the maintenance fee per unit for the upcoming fiscal year.

Was trying to point out the fact it is important too not blindly trust all info. on any site. Always do your homework. The info. is out there if you look.

On sumterpa.com you can pull up every tax bill in Sumter Co. and see the tax, bond, and bond maint.

[tuccillo]

Thanks so much for the link to the county tax records.

Originally Posted by CWGUY

Was trying to point out the fact it is important too not blindly trust all info. on any site. Always do your homework. The info. is out there if you look.

On sumterpa.com you can pull up every tax bill in Sumter Co. and see the tax, bond, and bond maint.

[Chatbrat]

Compared to Chatham NJ, I'm living for free