what is lakewood ranch cdd fee
A CDD fee is a loan from the government that is used to pay for things such as sidewalks, lakes and other common grounds. This fee is passed on to new homeowners in order to help keep the tax rate down. The CDD fee also enables builders to create upscale communities that would otherwise not be possible. Also, your annual CDD fee is paid as part of your tax bill, due in November. When you receive the bill, it is itemized there for you. Ex: Lakewood Ranch is a Community Development District. In looking at one home in a section of the Ranch called Belleisle, the fees are as follows: a â $1,866 CDD fee per year. b â $1,637 HOA fee per year [ covers lawn, landscape, irrigation, the gate, common pool & clubhouse etc ]. c â Throughout the Ranch, the CDD fee varies based on location and lot size.