CDD Fees

CDD fees are very similar to HOA fee’s, they are paid once a year and come on your tax bill.  They are tax-free municipal bonds that developers use to pay for the infrastructure such as streets, utilities and the amenity center. IT is basically a mortgage on the community that the developer took out on the community.  Residents will typically be paying a set amount in CDD fees for approx. 20-30 years.  We searching for a home don’t eliminate communities that have CDD fee’s. Instead compare homes/communities with CDD fees to homes/communities that don’t. Look at what your mortgage would be in both situations. Communities with CDD fees could possibly have homes with lower prices and thus your mortgage payment could be the same as buying the same size home in a community without CDD fees.