CDD Fees On Jacksonville FL Homes
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CDD Fees On Jacksonville FL Homes
Resort Style Living In Florida
Benefits Of CDDs (Community Development Districts)
Golf, Resort Pools, Fitness, Tennis, Pickleball, Trails & Parks
What are CDD Fees on Jacksonville FL Homes? Imagine living where others only dream to vacation. CDD Fees On Jacksonville FL Homes allow you to have resort style living at very affordable price points. Florida Statute 190 made it possible for Resort Style Living in Florida and you will find many of these communities in Northeast Florida.
Homes located in CDDs have a wide range of common amenities. CDD communities always have at least one pool and many have multiple pools and the larger CDD's go above and beyond pools with tennis courts, splash parks, high dives, water slides, pickle ball, zip lines, lazy rivers, soccer fields, golf, planned community events and much more. The Beachwalk community has a 14 acre pool... the life guards have a jet ski so they may get to a swimmer fast!
Homes in these communities have an extra fee added to their tax bill. Typically, the fee consists of both an annual maintenance fee and a debt servicing bond portion. These fees are different than HOA fees. To finance the project, bonds were issued and each property is accessed with a portion of the cost of the amenities. CDD fees can vary from one neighborhood to another, but a general range is $300-$3,000/year with a few communities as high as $6000/year.
Luckily, the majority of CDD fees in Northeast Florida are less than $2300/year. It is possible to pay off your CDD early leaving you with just the annual maintenance fee and there are some communities that only have the annual maintenance fee remaining. Some builders choose to pay off the CDD bond portion, thus rolling the bond portion into the purchase price of the home. Ask your tax adviser about possibly deducting your CDD from your tax liability.
Is Living In A CDD Community Right For You?
While living in a Community Development District isn't for everyone, you will want to know how CDD's work and the amenities they provide while searching for your home. If you are looking for a home with or without a CDD Fee on Jacksonville FL Homes, contract us today.
For a lifestyle that matches many dream vacations, contact us today!
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