Everything You Need to Know About CDDs in Parrish, FL

What is a CDD in Parrish, Florida?

If you are looking for homes in Parrish, Florida, you might come across the term “CDD.” But what exactly is a CDD?

CDD stands for Community Development District. In simple terms, it’s a way for developers to fund the infrastructure needed for new neighborhoods. This includes roads, utilities, parks, and other amenities. By borrowing money for these projects, developers can cover large upfront costs without requiring buyers to pay everything immediately.

Instead, the costs are passed on to future homeowners in the form of CDD fees. These fees are included in your annual property taxes. So, when you purchase a home in a CDD community, you will pay your regular property taxes along with an additional CDD fee. This fee is collected yearly and is used to repay the bond that financed the community’s infrastructure. It also helps maintain some of the community’s amenities.

You might be wondering, “What about the HOA?” Don’t worry! We also have a blog that covers HOA fees.

Can You Pay Off Your CDD?

Yes, you can pay off the entire balance of your CDD bond. However, it’s important to note that a maintenance fee will still apply, as this fee never goes away. If you’re considering paying off your CDD, ask how much of the fee goes toward the bond and how much covers maintenance. Typically, the split is about 50/50. However, some communities have lower maintenance fees. For example, in Bella Lago, after paying off the CDD bond, the maintenance fee is quite minimal.

Is It a Good Idea to Pay Off Your CDD Fee?

Most homeowners do not pay off the bond portion of their CDD. However, occasionally, someone will choose to do so. If you plan to stay in your home for a long time, it might make sense to pay it off. Doing this could lower your yearly costs in the future. On the other hand, if you don’t plan to stay long-term, it’s usually not worth the early payoff.

Does every community in Parrish, FL have a CDD?

No, not every community in Parrish, Florida has a CDD. If you’re considering moving to Parrish, check out our page on new construction, where we list which neighborhoods have CDD fees and which do not.

We’ve also broken down the established communities for you, so you can easily see who has CDD fees and who doesn’t.

Meet the Team

Amy Prumo

Amy Prumo is an Elite agent with extensive experience and deep local expertise, known for delivering outstanding results in the Parrish real estate market. Amy’s attention to detail, strong communication skills, and unwavering commitment to excellence have made her one of the most sought-after agents in the business. 

Thomas Carden

Thomas Carden brings a wealth of knowledge from his background in building, planning, zoning, and development. With over 20 certifications from the International Code Council, including Planner Review and Certified Building Official, he is a recognized expert in his field and an expert legal witness in construction.