What Are The CDD Fees In The Villages?

Definition of "What are the CDD fees in the villages?"

Mark Cobb real estate agent

Written by

Mark Cobbelite badge icon

Charles Rutenberg Realty

The CDD Fees in The Villages, FL vary on the district that you wind up living in. But first … what do the CDD Fees cover and what do they mean. The acronym CDD stands for Community Development District and the CDD fee generally covers development in a certain district, be it road maintenance or golf course improvements. This is a tool that the real estate developer uses in order to pay for that infrastructure being developed, improved or renovated. Here we can refer to a new golf course or any other kind of amenities offered by a certain district. The fee is paid monthly and information about this fee, if it changes throughout the year, is mailed to the residents as soon as possible.

The Villages, FL has 12 different districts and each district has smaller villages. The CDD Fee varies on what a particular district can offer. Each CDD issues bonds that are then paid by the owners of the homes over a period of 20-30 years. They can vary from $100 to higher than $600. It is very important that you know which district you belong to, for example, if it’s District 4 and they make some improvements to the area then you are responsible and your CDD Fees might increase.

Living in a master-planned retirement community does have its benefits as well as its drawbacks. The whole CDD Fee situation can be looked into further once you have convened with real estate agents in The Villages FL. They can help you find the neighborhood that has the amenities that you are interested in at a budget that you can afford.

 

Need help as a:

I'm interested to:

Buy
Sell
Rent

I work in:

Residential
Commercial
Rental
Reach out to the local professionals for help
 
I agree to receive FREE real estate advice.

Agents, get listed in your area. Sign up Now!

Here's what you'll get:

1. Full zipcodes coverage for the city of your choice for 3 months

2. The ability to reach a wider audience

3. No annual contract and no hidden fees

4. Live customer support/No robo calls

$75 - Any City - 3 Months Coverage
 
loader gif

Please wait ...

I agree to receive FREE real estate advice
I agree with Terms & Conditions and Section 5-5.9.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

The largest financial intermediaries directly involved in the financing of real estate. Commercial banks act as lenders for a multitude of loans. While they occasionally provide financing ...

Method used by appraisers and investors to evaluate a level of payment income stream for a fixed period of years predicated on a specific interest rate. ...

An investigation to ascertain who legally has the title to property. For example, when a house is sold, the attorney for the purchase will do a title search to guarantee that the seller ...

Unsecured long-term debt. There is no collateral or lien on the property. A debenture can only be issued by a financially sound borrower with an excellent credit rating because no ...

Freestanding residential housing constructed on its own building lot. Detached housing is the typical type of housing found in suburban developments. ...

Transfer of property from a seller to a buyer. ...

Corporation whose stockholders are taxed as partners. That is, income is taxed as direct income to the shareholders. The key advantage of this tax treatment is that shareholders escape ...

A will where the decedent's nomination of an executor/executrix is flawed, requiring an administrator to be appointed by the court and annexed to the will. ...

Written obligation of a borrower that is backed by collateral in the event of default. The lender must assure himself that the market value of the security equals or exceeds the amount of ...