08/08/2026
Community Development Districts (CDD). Their primary purpose is to provide financing for infrastructure and on going O&M (Operations and Maintenance) of that infrastructure. This financing can be funded by the developer or by issuance of a bond. If a bond is issued the debt service (Monthly Payment on the Debt) and on going O&M falls to the owners of the various parcels of land within the CDD. In other words, in a residential community, the Homeowners pay a percentage of the bond debt service and on going operations and maintanence. Below is a real-time tax certificate for a particular property located in an Orange County community with a CDD. In this particular case the tax certificate does not break out the debt service and O&M as it is all inclusive in the one line item. It is important to know if the property you are interested in resides in a CDD community and this must be disclosed by the developer, builder, or homeowner. You might be thinking, "How long do I have to pay this amount thru the municipality taxing authority?" Well, if the developer has self-funded the infrastructure, which is rare, your only on going responsibility is the O&M. However, if a bond has been issued, that bond could be for 30 years depending on the struture of the bond. One could argue the benefits and risks of buying in a community in a CDD. But you cannot opt out of paying for it. That $2184 on the tax certificate below is $65,520 over that 30 year period and if you sell the property in 5 years the new owner picks up where you left off. Know before you go. Call Promax Property Solutions at 407-647-3377. Ask for Dave Murray.
