HOA & CDD fees

A Community Development District (CDD) is a special-purpose unit of local government that financed infrastructure such as roads, utilities, stormwater systems and community amenities. Its assessment is billed annually on your property tax bill, separately from HOA dues, and it usually has two components: debt service, which repays the bonds that paid for the infrastructure and ends once those bonds are retired, and an operations and maintenance charge, which pays to run what the bonds built and continues after the debt is gone. Not all communities have a CDD. Where one exists, assessments are set annually and vary by home and phase.

HOA fees are paid to a homeowners association, a private corporation, for community maintenance, amenities and common-area upkeep. A CDD assessment is levied by a unit of local government and billed on your property tax bill; part of it repays the bonds that built the infrastructure and ends when those bonds are retired, and part of it funds the district operating and maintaining what the bonds built, which does not end. HOA fees can be monthly or yearly; the district assessment appears on the annual tax bill. The two are separate and a community can carry both.

Flood zone X is a minimal-risk zone, meaning the area has a less than 0.2% annual chance of flooding. Most lenders do not require flood insurance in zone X, though it is still recommended. Zone AE indicates a high-risk area where flood insurance is typically required by mortgage lenders.

Yes, and they are set annually. HOA fees can increase as maintenance costs rise, amenities are added, or reserve funds need replenishing. A district assessment changes too: the debt-service component ends when its bonds are retired, but it can also be refinanced or added to if new bonds are issued, and the operations and maintenance component is budgeted fresh each year. The figures on this page are estimates and may not reflect the most current amounts, so confirm them for a specific address.