What are CDD Fees?

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Real Estate Agent with Tropic Shores Realty - Ich spreche Deutsch!

CDD Fees by Silvia Dukes

What are CDD Fees?

 

What are CDD fees is a questions I have received numerous times from home buyers who are looking at listing information and notice that some subdivisions have CDD fees and others do not.

CDD stands for Community Development District. 

CDD fees are used to finance certain services within a subdivision or development, for example sidewalks, community features such as parks, underground powerlines, or street lights. 

Homes for Sale in Sterling Hill by Silvia DukesIn Hernando County, the subdivisions of Sterling Hill and Spring Ridge both have CDD fees. 

CDD fees are paid with the annual tax bill and appear as a Non AdValorem tax. 

CDD fees are separate from HOA or homeowner association fees.  Click on the link for more information about the Sterling Hills CDD.

The communities of Sterling Hill and Spring Ridge both are gated communities that offer its residents beautiful amenities such as community pools, sidewalks, recreational ares, and underground utilities. 

Homes for Sale in Sterling Hill and Spring Ridge are available in a wide range of sizes, styles, and price ranges.  If you are looking for a home in Sterling Hills or Spring Ridge and would like more information, please call or email me. 

What are CDD Fees?

Click on the links for answers to other questions that are commonly asked:

What are the pet restrictions in Timber Pines?

What are the Annual Property Taxes on this House?

What is Florida Homestead Exemption?

Buyer Question:  What are the Closing Costs?

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 For more information about Hernando County Homes and Land for sale including Spring Hill and the communities of Timber Pines, Glen Lakes Golf and Country Club, Silverthorn, and Hernando Beach , please call or visit my website!

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Rainmaker
562,448
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain

Silvia,

Great post; this is the type of information that buyers need to compare apples-to-apples.  As you stated; No need to have unnecessary surprises in the end.

Best,

Steve

January 22, 2011 07:12 PM
Rainmaker
1,223,784
Al & Peggy Cunningham Brokers, Brampton Ontario Homes For Sale 905-450-5500
RE/MAX Realty Services Inc.
  • Good awareness post Silvia. People should know all the costs involved before purchasing. At least this money paid sounds like it is spent wisely!
January 23, 2011 09:15 AM
Ambassador
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Silvia Dukes PA, REALTOR
Florida Waterfront and Country Club Living
Tropic Shores Realty - Ich spreche Deutsch!

Steve, people tend to look at the list price of a home but fees like this over time will add up and add to the real cost!

Al and Peggy, the CDD fees go exclusively to the upkeep of community features and the initial investment, that's why they are shown separately from the property taxes.

January 23, 2011 12:24 PM
Anonymous #8
Anonymous
John
I would like to know when CDD fees end, or do you have to pay them forever.
July 25, 2011 12:55 PM
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Silvia Dukes PA, REALTOR
Florida Waterfront and Country Club Living
Tropic Shores Realty - Ich spreche Deutsch!

Hi John, thank you for your inquiry.  The duration of CDD fees would depend on the particular community.  They are long term obligatios and for Sterling Hill, the CDD fee was initially set up for a 30 year time period.  For more information, please visit http://www.sterlinghillcdd.org/budget.cfm.  Thanks.

July 25, 2011 01:05 PM
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