What Is A CDD Fee In Florida? || 🏡 Tampa Bay

Описание: Tampa Bay buyers, such as in Starkey Ranch, often ask "What is a CDD fee in Florida?" Let's look at What you need to know about cdd fees. As new developments are built, many are homes are in a Florida Cdd -situated in amenity-rich master-planned communities and housing developments with an HOA and/or a CDD. Learn about the pros and cons here.

Here's an example of CDD Fees- eg. Starkey Ranch CDD in Odessa FL:
https://starkeyranch.com/new-homes/cd...
Local Tax sites:
PASCO: https://tinyurl.com/PascoTaxSite
Pinellas: https://tinyurl.com/PinellasTaxSite
Hillsborough: https://tinyurl.com/HillsboroughTaxSite

Learn More: https://ourtampabayagents.com/what-is...

0:00 Lifestyle amenities and CDD fees
0:28 CDD fees on Listings
1:09 How is a CDD started- a developer bond
1:35 Finding CDD fees on a Tampa Bay listing
2:05 HOA- Homeowners Association fees on a listing- and what they cover
2:50 Pasco County Property Appraiser: Ad Valorem and non-Ad Valorem taxes
3:35 Can CDD fees go up? Starkey Ranch CDD fee example
4:10 What does a CDD fee cover?

What's a CDD?
To help fund developments, many local developers use Community Development Districts, CDDs.

CDDs are a type of government entity with a main purpose to plan, finance, construct and operate community-wide infrastructure and amenities for residents to enjoy. CDDs follow Florida’s Sunshine Laws and meetings are held in an official public setting. If the community you are interested in has luxury amenities and community sponsored events, you can expect a CDD. See: http://www.ccfj.net/FS190CDD.html#190... for the statute

With a CDD, the developer takes out a bond so it can create and pay for the infrastructure and amenities in a community. That bond is then paid back by the residents over time. Homeowners living in a CDD community are assessed through their annual property tax bill in the form of a non-ad valorem assessment. A portion of the CDD fee is the actual repayment of Municipal Bonds (generally paid off between 25-30 years), while the other part of the fee goes towards operation and management fees, and county taxes. While the municipal bond fees can dissipate, operation and management fees and county taxes will still be required to pay.
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