Be sure to read the Southwest Florida monthly real estate market report to gain insights on the local market.
Go to Real Estate Market ReportRIVER HALL is located within a Community Development District (CDD). A CDD is essentially a tax-free municipal bond that the homeowners pay off over time. The bond is structured to pay for the infrastructure and/or maintenance of the community.
The CDD annual debt service is listed as a non-ad valorem tax on the homeowner's annual tax bill, which makes the total tax bill higher. Many master-planned communities in Southwest Florida have a CDD.
One reason for a CDD is to help keep initial new-home prices lower because certain infrastructure costs are not bundled into the new-home purchase price.
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