Asked by Glenn Thomas, Atlanta, GA • Fri Mar 21, 2008
Definitely sticker shock when it comes to property taxes. Question #1: How do homeowers make ends meet paying $7,000 to $9,000 for a typcal $400K home ? - its almost mortgage payment in itself. I also see the term CDD and it seems ot be common Florida. Loks like the developers get off scott free in this sceneraio and just pass all the costs off to the homeowners and is another tax on top of the school and propoerty tax. Its also looks like there is no accountability for the funds the developer uses. Meaning the developer can be wasteful and no competitve bidding for the work to be performed with the Bond money. Developer does not care, it s not his money and is just going to pass it on to the homewpner with higher CDD fees. Question #2. When paying CDD's is there any break for the homewoner on the regular school and property taxes or is this a pure add to the $7,000 to $9,000 the homeowner will be paying ?
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