What is a Community Development District Florida?
A Community Development District, as authorized under Florida state law, is a legal entity created to fund, maintain and operate certain basic infrastructure and amenities within a Master Planned Community like Newfield, for the primary benefit of the homeowners within it.
When did CDD start in Florida?
1980
Created in 1980 by the Florida State Legislature under Chapter 190 of the Florida Statutes, a Community Development District is a local unit of special-purpose government, but it doesn’t have regulatory powers of a county or city.
What services are taxable in Florida?
The four specific types of taxable services subject to sales tax in Florida are:
- Nonresidential Cleaning Services.
- Commercial Pest Control Services.
- Commercial/Residential Burglary and Security Services.
- Detective Services.
Who runs a CDD?
Q: Who governs the CDD? The CDD is governed by a five-member Board of Supervisors elected initially by the property owners. Eventually, the Board will he elected by majority vote of the resident electors in the community. A professional manager implements the policies of the Board.
How many CDD are in Florida?
575
There are about 1,635 special districts operating in Florida, 575 of which are Community Development Districts (CDDs). CDDs operate under the authority of, as created and chartered by, Chapter 190, Florida Statutes.
Who oversees CDD in Florida?
Board of Supervisors
The CDD is governed by a five-member Board of Supervisors elected initially by the property owners. Eventually, the Board will he elected by majority vote of the resident electors in the community. A professional manager implements the policies of the Board.
How long do CDD fees last in Florida?
CDD fees are typically paid over a 30-year term. If you are moving into a development that is 10 years old, you can expect to pay a CDD fee for 20 years, until the loan is paid off. The county adds the fee to your property tax bill each year as repayment.