:boom: :S

:ohdear: Some people live in a place and just do not understand how it operates. Maybe GWN will get on and explain it some more. If he does..... I hope he types slowly! :popcorn:

If your are talking about the "The infrastructure of the District in which you live was built with tax-exempt bonds. The bonds are repaid with monies collected in the annual tax bill sent out by the County Tax Collector's Offices and appear in the Non-Ad Valorem section of the tax bill as "Bond Debt Assessment".

I would also add this from the Villages District gov web site "What is the Bond Debt Assessment? The bond debt assessment reflects each lot’s 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. "

found here -> https://www.districtgov.org/departme...financeFAQ.pdf

So, bonds are paid to the Village numbered CDD in which you live.

Most roads in the Villages are built and maintained by the County in which they are located.

Thank You twoplanekid

:ohdear: Are you sure they aren't built by the Developer and maintained by the local governments with the exception of All Villa roads and District 4 roads in Marion County? :shrug:


:read: From District Web Site:

All Villa roads and District 4 roads in Marion County: please call District Property
Management office (352)753-4022.
All other roadways please contact the county/city you reside in:
Sumter County- (352) 689-4400
Lake County- (352) 343-5439
Town of Lady Lake- (352) 751-1526
City of Fruitland Park- (352) 360-6686 press 6

As I understand the system, tax rates are based on the total appraised value of the taxed jurisdiction by the taxing authority vis-a-vis approved spending. If total real estate appraised tends to go up, taxes tend to go down, except in cases of excess spending (whatever the reason). So unless there is a lot of APPROVED spending, 25% is ridiculous, laughable and unconscionable. The taxing authorities DESERVE the shame and ridicule they should endure for proposing an increase like that.

As it was before my time in the Villages, you may be correct that the Developer built the roads and was then reimbursed ?? by the counties as is now the case with the new development south of 44. My bad!
Dropbox - 2018-07-10 VOSO roadway agreement (3).pdf - Simplify your life

:ho: VCDD Resident Academy and several other ways to find out how things work.

It's interesting that the developer is reimbursed by the county for "regional roadway segments". If these segments weren't needed without the additional developments, then the cost should probably be borne by the developer, rather than being reimbursed by everyone who pays taxes in the county. Without having knowledge of all the details, it's hard to form a strong opinion....but, I would be inclined to vote against approving anything that wouldn't be covered by revenue from the new tax base created by the development.

See post #39.

The Village District staff will probably tell you to attend a Sumter County board meeting to ask the question as it’s a county issue.

Sumter tax increase proposal.
 

This is how it starts - everywhere. When any entity, business, state / local / federal government sees a dramatic increase in revenue, THEY WILL ADJUST TO THIS CONDITION. I'm not saying that Sumter might not need expansion money, BUT as has been stated before, The Villages growth has infused large amounts into the Sumter coffers. We DO NOT need "Mercedes" fire engines.

Taxes
 

25% increase is ridiculous.

Not all pay lower taxes in TV. Our taxes are higher then they were in Ohio.

Maybe they should speak to the residents. Most of us are retired where do they think we are getting this money. I didn’t get a 25% increase in my social security check. I’m shocked they would do this. Aren’t they getting enough from all the houses the Morse’s continue to build