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URL:  http://boards.fool.com/arafoolwhere-in-central-fl-are-you-located-19039317.aspx

Subject:  Re: financing Date:  5/13/2003  12:06 PM
Author:  Bobcatkitty Number:  8436 of 19022

arafool....where in central Fl are you located? We're spending winter (well, what's left of it) in Umatilla, Fl. We bought a motor home and intend on traveling for a couple of years before settling down again. So far it seems to us that Lake Cty. has not embarked on the high property taxes...along with Highlands Cty. in the Sebring area.

As for taxes...a lot of what will show up online are homes that have not been re-sold. We sold a home in Punta Gorda for 245K that had taxes of 2,600K, then when it was re-sold for 333K 18 months later, taxes jumped to 4803.00.

Another "thing" Florida has is called a CDD....stands for Community Development District. It's a small unit of government set up by a developer of a new area. The CDD sells bonds to investors to put in streets, street lighting, sewers etc. and all the common area of a community. These bonds carry interest and must be re-paid over a period of years. These fees can amount to thousands of dollars per year (ours were added to our tax bill so at least they were deductible) but more times than not they are simply billed to the homeowner quarterly. There are also ongoing expenses to the CDD like pools, tennis courts etc. and these fees are NEVER paid off. It always pays to ask whether or not the gated community especially if it is a CDD....then our advice? RUN LIKE HELL!!!!!

The Villages over here on Hiway 27 is a CDD but appears to be run better, and Celebration in Orlando is also a CDD.

Because hubby receives his medical care from the VA, we're looking at the Tampa area as a final destination when we do buy again. But it won't be near the water, or be a CDD.

Oh, and when we sold our last house, our HO insurance was $900/yr and flood insurance was $300.
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