What are CDD Fees in Lakewood Ranch?

Learn more about living in a Community Development District in Lakewood Ranch

What's a CDD fee?

A CDD fee, also known as a Community Development District fee, is a public bond that is shared among homeowners for the installation and maintenance of utilities, water and sewer, roads, fire prevention, and landscaping.

Benefits of a CDD

In theory, CDD's should benefit everyone.  By maintaining properties, their value is worth more which brings higher property taxes to local governments.  Builders like them because they don't have to use their own money to install infrastructure, and home owners like them because they are paying for utilities in smaller installments.

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More about CDDs

The Lakewood Ranch CDD bond period is 30 years for all resale and new construction homes. 

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Once the original bond has been paid, CDD fees never go completely away.  CDD may contine to collect payments to provide services, if approved by residents of the CDD.  You should also know that CDD fees can increase from the time you purchase your home. 

 

In Manatee County, the CDD bond payment fee (for debt service) and the CDD management fee (maintenance of common areas and utilities) are listed as separate line items in your tax bill (listed as "stewardship").

CDD fees in Manatee County Property Tax Bill

Click on image below to magnify:

Lakewood Ranch CDD fee in property tax bill

Lakewood Ranch Home Buyer Tools

Questions about CDD fees?

David Barr, Broker Associate
Lakewood Ranch Realtor

8319 Market Street

Lakewood Ranch, FL 34202

941-993-6853 direct

David Barr Lakewood Ranch real estate agent
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