The Villages™
Are you looking for an active adult lifestyle with endless recreational and socializing options? Look no further than The Villages™, Florida’s Friendliest Retirement Hometown! Imagine living in a community with tree-lined streets, neighbors mingling in town squares, and balmy nights at outdoor concerts. The Villages™ offers over 50 golf courses, 300 pickleball courts, 15 country clubs, 100+ swimming pools, and more than 3,000 clubs to its residents. And if you have grandchildren, there are even vacation and summer camp options available. Located in central Florida, just less than 60 minutes north of Orlando and not far from Ocala, The Villages™ is an amazing and vibrant over 55 active adult golf cart community. Many have touted it as America’s best and most popular retirement community. Come and join us at The Villages™ for an active and friendly lifestyle!
The Villages™ FL Community Development District (CDD)
Bond / Maintenance Payments & Amenities & Taxes Info
The Community Development District (CDD) in The Villages™ comprises two main parts – the Bond and Maintenance Annual Payments. These payments are crucial for financing the development and maintenance of the community.
CDD BOND PAYMENT
The CDD Bond payment covers the initial infrastructure costs required to build the homes and set up the neighborhood. 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. Infrastructure includes storm water systems, underground pump stations, water retention areas, curbs, gutters, streetlights, transportation trails, underground piping, etc. Every home in the district has the same bond assessment. The CDD bond is paid with interest over a 30-year period and appears on the real estate taxes. Bonds can be paid off early. Usually, a listing will indicate the bond balance, or not that the bond has been paid in full.
CDD MAINTENANCE PAYMENT
The CDD Maintenance payment is collected annually and continues for the duration of the home’s existence. This amount varies based on the age of the home, with newer homes having higher CDD Maintenance fees. The payment is used to maintain the common areas of The Villages™ Florida, including grass cutting, annual flowers, trees, lights, retention ponds, sewers, and in some areas, road maintenance. It’s essential to note that the CDD Maintenance payment covers the maintenance of the common areas and not any portion of individual home maintenance. The annual fee ranges from $350-600 per year.
AMENITIES FEE
The Amenities fee, currently $195/month for new homeowners, is separate from the CDD payments. It covers access to various recreational facilities such as recreation buildings, pools, tennis and pickleball courts, and executive golf courses. This fee is fixed for the household, not per person, and can be subject to changes tied to the Consumer Price Index (CPI). The Amenities fee amount can also vary based on the original sale date of the house.
REAL ESTATE TAXES
Real Estate Taxes in The Villages™ are affected by various factors. The tax amount the current owner pays is not indicative of the future tax assessment, which will be based on the new sales price after a sale occurs. Real estate companies may list taxes differently on MLS listings, sometimes including or excluding CDD payments. “Florida Homestead”, and other exemptions can lower your annual tax bill.
Summary
The Villages™ is a unique place to live. No other community in the world offers so much for so little cost. The “bond program” allows the builder to jump start building out the infrastructure of a specific new community. Homeowners gain the advantage of a lower price point, while making annual payments to retire the bond over thirty (30) years if they choose. Your tax bill reflects the bond fees. The CDD maintenance program aggregates all of our “beautification” into a singular annual fee that also appears on your annual tax bill. Finally, the Amenity fee covers our recreation facilities. This fee is paid monthly through. Your amenity fee is itemized along with your water and sewer bill which can be paid through a seamless monthly electronic payment.