Nocatee,FL? (Orlando, Daytona Beach: fit in, neighborhoods, buy)

[hlauburn]

Originally Posted by wrbohen

I am new to this cdd...I have lived in several states and have never paid this. I see you said it is billed with your property taxes so are property taxes less?? I just don't understand the whole thing can you please explain. Thanks!

I know, it's crazy. It must be a Florida thing, because I've never heard about it before we moved here. Think of it like a really big Homeowners Association Fee...if you live in a CDD neighborhood, everyone pays into the CDD pot. It might be different amounts based on your lot size etc, but you're basically paying back a loan that was given to develop the community.

Your county taxes are paid just like anywhere else...once a year you get a bill from the county that has the amount based on the value of your property. We live in St Johns, and I guess the amount is relative to what you've paid where you've lived before, but they aren't that high in my opinion. If you live in a non-CDD community, you just pay your regular county taxes but in a CDD community, in addition to your county property taxes on the bill, there will also be a CDD fee tacked on to the total as well. So you pay it just like a property tax bill (ours is paid out of our escrow, for example). Our mortgage company treats it as one property tax payment.

Hope this helps!

[wrbohen]

Originally Posted by hlauburn

I know, it's crazy. It must be a Florida thing, because I've never heard about it before we moved here. Think of it like a really big Homeowners Association Fee...if you live in a CDD neighborhood, everyone pays into the CDD pot. It might be different amounts based on your lot size etc, but you're basically paying back a loan that was given to develop the community.

Your county taxes are paid just like anywhere else...once a year you get a bill from the county that has the amount based on the value of your property. We live in St Johns, and I guess the amount is relative to what you've paid where you've lived before, but they aren't that high in my opinion. If you live in a non-CDD community, you just pay your regular county taxes but in a CDD community, in addition to your county property taxes on the bill, there will also be a CDD fee tacked on to the total as well. So you pay it just like a property tax bill (ours is paid out of our escrow, for example). Our mortgage company treats it as one property tax payment.

Hope this helps!

Thanks. I see you said it's a loan, so does that mean when it is paid off those fee's will be gone? (But I'm guessing it was really high anyways so who know's how many years)

[madcapmagishion]

Originally Posted by wrbohen

Thanks. I see you said it's a loan, so does that mean when it is paid off those fee's will be gone? (But I'm guessing it was really high anyways so who know's how many years)

If it's ever paid off !!!

[hlauburn]

Originally Posted by wrbohen

Thanks. I see you said it's a loan, so does that mean when it is paid off those fee's will be gone? (But I'm guessing it was really high anyways so who know's how many years)

As an individual, yes - you do pay it off. When you purchase a home, you agree to be responsible for a specific amount based on your lot size, location etc. I need to go back and check how long the payments are spread out, but once you pay off your portion, your debt is gone.

Of course with new people moving in and paying into the CDD fund, there should be a constant flow of "new" money, but I don't know when, if ever, the entire amount is paid off.

[LilMikey]

I don't think it's accurate to say a CDD can be completely paid off. You can pay off the bond portion. That's the 20-30 year thing and is the part often negotiated with the builder. There is often also a maintenance portion (different but similar to HoA dues) that will never be paid off as it's for upkeep of amenities.

I guess theoretically if you were in a community in which the CDD was only to cover the CDD bond then, yes, that CDD could be completely paid off but from what I understand that is not typical.

[KathyKB]

Newbie here so please excuse any posting mistakes. Hubby and i are in our mid 60's and researching places to retire. Nocatee was mentioned to us and I was wondering if there were many other retirees there. I understand it is a diverse community of all ages and we're debating 55+ coomunities vs. age-diverse. We're coming from Maryland. Looking for a 2500 sf, 1 story, 3 BR, 3 BA, office, open concept, pavered lanai with a caged pool and some kind of water/lake view. Budget is up to $450K. Safety is a concern for us as well as being able to have volunteer opportunities and good shopping. Are there job opportunities for adult son who would like to move here too? I'll post again with more questions as I think this is enough for now. Thanks!

[madcapmagishion]

Nocatee has a Del Webb 55+ community in it. It is called Dell Webb Ponte Vedra, here is a link...
Del Webb Ponte Vedra - Nocatee

[ssclulow]

Kathy, what is your definition of good shopping? If you are coming from the Baltimore / Washington metro area, you will not find anything in the Jacksonville area that will begin to compare with the shopping you are accustomed to.

[KathyKB]

Since I'll be retired, I don't need work clothes so shopping will be pretty basic. I'm not a Neiman Marcus person but I do like Macy's and Dillard's. I understand there are some outlets inthe Nocatee area and that's always fun. I also like to browse unique stores. Do you have a Sephora or a LUSH store? My husband loves Walmart! Is that available? The whole idea of moving south is to simplify our lives and RELAX

[hlauburn]

Originally Posted by KathyKB

Since I'll be retired, I don't need work clothes so shopping will be pretty basic. I'm not a Neiman Marcus person but I do like Macy's and Dillard's. I understand there are some outlets inthe Nocatee area and that's always fun. I also like to browse unique stores. Do you have a Sephora or a LUSH store? My husband loves Walmart! Is that available? The whole idea of moving south is to simplify our lives and RELAX

I don't think there are any Macy's here, but there is a Dillards and Belk at the Avenues Mall - it's about 10-15 min from Nocatee. It's probably the most upscale dept store at the mall. The Sephora is inside JCP at the mall. St Johns Town Center is about a 20 min drive and pretty upscale, in my opinion.

There are 2 outlet malls in St Augustine with a good choice of stores.

The Walmart closest to Nocatee is nice and new and seems to lack the "colorful" people that you usually run into at Walmarts (we moved from Mississippi, so going to Walmart there was quite entertaining). It's about 12 min away...not as close as I'd like, but worth the drive. The Nocatee Publix is super convenient and great if you can buy on sale or one of the BOGO deals, but otherwise I think it's expensive.