This Lennar gated community has a HOA of $150/month plus a CDD of $350/year added to the taxes, isn't that double taxation? Why they do this?
2007-06-18 07:53:42 · 1 answers · asked by Jav B 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
I understand the HOA perfectly, it covers the upkeep of the community which is good and many expensive communities have and HOA yet not a CDD, all receive services from the city but not all charge CDD. My question was isn't the CDD a double tax since you are already paying for services in the real state taxes? thanks.
2007-06-18 18:01:31 · update #1
Neither of those is a tax. The HOA charge is dues for the Homeowner's Association, a private corporation. The requirement to pay the dues is tied to the deed and the authority for the HoA is contained in the master plat.
The CDD is an assessment by the local city or county govermnent for the provisioning of infrastructure such as roads, water lines, sewer lines and possibly utility easements.
But even if they were taxes, there's no bar to double taxation.
2007-06-18 11:06:32 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋