What is a CDD?: A Community Development District (CDD) is a special-purpose government entity that exists to finance, manage, and maintain infrastructure and services in certain communities. It is commonly set up by developers in new or planned communities, especially those with amenities like parks, roads, water management systems, and other common areas.
How does a CDD work?:
Funding Infrastructure: The CDD collects funds from homeowners through annual assessments, which are used to pay off bonds issued for building and maintaining the community's infrastructure, such as roads, utilities, and recreational facilities. These assessments are paid annually through your property taxes.
Operation and Maintenance: The CDD is responsible for maintaining common areas, landscaping, and amenities like pools, tennis courts, basketball courts, dog parks, clubhouses, etc.
Payment: CDD fees are collected as part of the homeowner’s county tax bill and the county tax collector’s office can assist with any questions related to making a payment. The fiscal year's operating budget is posted on the CDD website, which provides detailed information about the CDD fees.