I tend to get many of the same questions asked about Treviso Bay Naples. Because of this I will be posting those questions from time to time to help you get a better understanding of this wonderful community. This will be the first in a series of posts so make sure you check back for more.
Have a question of your own? Send it to me at PinnacleGroupBroker@gmail.com and I will add it to the commonly asked questions blog.
1. What is the CDD on the Tax Bill? Is that the property tax?
Answer: The CDD is not the same as the property tax. The CDD is on your tax bill and paid annually, but specific to the Treviso Bay master planned community. A CDD is customary for most new communities in Southwest Florida. It is a county bond taken for the development, utilities, roads, and infrastructure of Treviso Bay. The CDD amount is a pro ration of the 30 year bond repayment. It is a fixed amount. Coach- $1,590 per year Exec SF- $2,229 per year. In addition, standard property taxes are low in Collier county which offsets CDD cost. Only 1.25% of ASSESSED value (typically 85% of sale price).
That’s it for today. Hope that helps with your understanding of what the CDD is for any master planned community.
So what kind of stuff is there to do in Naples? Well check out Trip Advisor’s top 59 things to do in Naples Florida list.