What are CDD Fees? Are you responsible for them?

A CDD fee is a Community Development District fee imposed by the developer of a neighborhood or subdivision to finance the cost of amenities and infrastructure required to support development of a community. It is structured by the developer and the County Commissioners prior to the development of the land.

County politicians endorse them because they increase property values (plus property taxes) and create infrastructure without cost to government. Developers love them because they don't have to use their own money to pay for all the development infrastructure up front.

These improvements include Water, Waste & Sewage supply, roads & street lights, public transportation and parking, and school buildings among others.

What does is mean for you? If you buy a property in a CDD district you will pay higher tax bill. While not technically taxes, the District assessments will appear on your real estate tax bill over the next 30 years after the property is built and could amount to a few thousand dollars each year.

Ask the Seller if the home you plan to buy is located within a CDD district. As your agent I will find out this information for you. Call me with any questions.