What is “Community Development District”?
August 30th, 2008 | by noel |
Jav B asked:
This Lennar gated community has a HOA of $150/month plus a CDD of $350/year added to the taxes, isn’t that double taxation? Why they do this?
I understand the HOA perfectly, it covers the upkeep of the community which is good and many expensive communities have and HOA yet not a CDD, all receive services from the city but not all charge CDD. My question was isn’t the CDD a double tax since you are already paying for services in the real state taxes? thanks.
Sydnee
This Lennar gated community has a HOA of $150/month plus a CDD of $350/year added to the taxes, isn’t that double taxation? Why they do this?
I understand the HOA perfectly, it covers the upkeep of the community which is good and many expensive communities have and HOA yet not a CDD, all receive services from the city but not all charge CDD. My question was isn’t the CDD a double tax since you are already paying for services in the real state taxes? thanks.
Sydnee
One Response to “What is “Community Development District”?”
By bostonianinmo on Aug 31, 2008 | Reply
The dues for the hoa charge is contained in the local city or county govermnent for the requirement to pay the authority for the cdd is tied to double taxation.