Question: What is a CDD?

Answer: CDD stands for “Community Development District”, which is a governmental unit created to serve the long-term specific needs of a community. A CDD’s main powers are to plan, finance, construct, operate and maintain community-wide infrastructure and services specifically for the benefit of its residents.

Question: What is the cost of a CDD?

Answer: Costs and services vary within each community, depending on benefits and services received. Property owners in the CDD are subject to a non-ad valorem assessment, which appears on their annual property tax bill from the county tax collector. Your portion of the CDD might be in two parts. The first is a share of the annual debt service, if any were issued (this is usually a fixed annual assessment.) The second portion is the annual assessment for operations and maintenance, which can fluctuate up or down from year to year.

Question: What are the benefits to residents of a CDD?

Answer: First, the CDD provides landowners consistently high levels of public facilities and services. Second, the District ensures that these community development facilities and services will be completed concurrently with other parts of the development. Third, the consistent and quality-controlled method of management helps protect the long-term property values in the community.

SUCCESS STORY:   "Brad and I want to thank you for seeing us through the completion of our closing.  We felt very fortunate having you by our side every step of the way and we honestly think we couldn't have done it without you!  You made our first experience of buying a home a pleasant one.  Thank you from the bottom of our hearts."

Brad and Alisha Collier (Wesley Chapel)