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The ABC's of CDD
Quite simply, a Community Development District (or CDD) helps direct and protect the future of your community. The CDD works in conjunction with the Property Owner's Association (or POA) as regulatory agencies that oversee the basic infrastructure.
CDD's typically provide for the construction and maintenance of master and subdivision roads, street lighting, water and sewage systems, waste water management, recreational facilities, community common areas, wetland preservation, and interior community signage.
What Advantages Are There To Living In The District?
Although the advantages are several, four are especially noteworthy:
- The District provides landowners with consistently high levels of public facilities and services managed and financed through self-imposed fees and assessment.
- The District will own, operate and maintain the Community Club.
- The District helps ensure that community facilities are completed as required by the Development Order imposed upon the property.
- District residents will ultimately choose the Board of Supervisors and through these representatives will be able to determine the type, quality and expense of future District facilities and services.
Do I Pay More Taxes Or Assessments If I Live In A CDD?
Yes, in a sense, but your real estate taxes, including CDD assessments, will not be materially different than those of homeowners in similarly amenitized communities in the greater Tampa Bay area. In addition to service charges and taxes which will be collected by the county, city, or school board, landowners will also pay non-ad valorem special assessments for the capital costs, operation and maintenance of District facilities and services. While not taxes, the District's assessments will appear on your tax bill repared annually by the Hillsborough County Tax Collector's Office.
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