Riverwood
Community Development District

Riverwood Assessment Information

RIVERWOOD COMMUNITY DEVELOPMENT DISTRICT (CDD)
ASSESSMENT INFORMATION

 

Q. How are District assessments determined?

A.  Each property owner will pay an annual assessment, levied on the annual property tax bills as non-ad valorem assessments, based on two component costs. One is the capital amount required to amortize the long-term tax-exempt debts assessed against each lot, parcel or acre for the public facilities acquired or constructed by or on behalf of the District. The annual assessment amounts vary in relation to the land class of the property, and to the infrastructure benefit allocated to the property.

Q. How long do residents of Riverwood CDD have to pay CDD assessments?

A. Residents are subject to two assessments, a Bond assessment and an Operations and Maintenance (O&M) assessment. Residents will continue to make O&M assessments, which pay for the ongoing expenses of the Districts, as long as the community exists. 

Q. Can I pay off the assessment?

A. Yes, the Debt Portion may be paid off in full by requesting an estoppel letter, which is a legal document outlining information regarding the current owner’s financial standing in regards to the CDD, what is due and what has not been paid. It also indicates any assessments that are in progress or projected. The preparation of an estoppel letter with a payoff amount has a charge of $75 per letter. If one is desired, please contact Luvinia LaCap at the Inframark Management Services Coral Springs office. She can be reached at (954) 753-5841 extension 40534. Please take in consideration that paying off the Debt does not eliminate the O&M assessment that will continue to be levied on the property’s taxes for as long as the community exists. Additionally, a payoff transaction cannot be reversed.   

Q. How is the assessment collected?

A. Assessments are collected uniformly by the Charlotte County Tax Collector as a “non-ad valorem” assessment on your Charlotte County Tax bill and are paid directly by the owner or via a mortgage holder escrow, beginning November 1st of each year.

RIVERWOOD CDD

Comparison of Assessment Rates

Fiscal Year 2019 vs. Fiscal Year 2018

Parcel

Product Type

# of Total Units

COMPARISON OF FY 2019 AND FY 2018 TOTALS

Total O&M      Total O&M      Increase /                        Total DS per

per unit 2019 per unit 2018                                                    (Decrease)                                                unit 2019

Total DS per unit

2018

Increase / (Decrease)

Total per unit

2019

Total per unit

2018

Increase /
(Decrease)

Residential

 

 

 

 

 

 

 

 

 

 

 

 

Single Family

81.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Lakeshore Village

Single Family

59.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Riverside

Single Family

15.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Riverside

Single Family

8.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Royal Oaks

Single Family

39.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Royal Oaks

Single Family

6.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Eagle Trace

Single Family

43.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Bayridge

Single Family

48.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Osprey Landing

Single Family

92.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Reserves

Twin Villas

26.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Grand Vista

Multifamily

90.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Silver Lakes

Estate Single Family

56.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Myakka Pt - Logan Pt

Estate Single Family

35.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Myakka Pt - Baileys Pond

Single Family

53.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Myakka Pt - Marlin Cove

Twin Villas

18.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Myakka Pt - Villas at Tarpon Harbor II

Twin Villas

12.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Myakka Pt-Tarpon Harbor

Multifamily

36.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Myakka Pt - Tarpon Harbor II

Multifamily

56.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Westport Ridge

Estate Single Family

32.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Estuary

Single Family

37.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Driftwood Pt

Single Family

39.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Oyster Bay

Twin Villas

28.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Pompano Cove

Twin Villas

34.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - River Run

Estate Single Family

59.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Channel Ridge

Estate Single Family

25.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Clipper Cove

Single Family

13.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Fisher Landing

Single Family

21.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Still Water Trace

Twin Villas

68.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Sawgrass - Redfin Shores

Single Family

50.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Stonebridge

Single Family

60.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Willow Glen Phase 1

Single Family

30.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Willow Glen Phase 2

Single Family

10.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Willow Glen Phase 3

Single Family

24.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Willow Glen - 1st Choice

Single Family

20.00

$962.55

$1,033.85

-7%

$515.98

$82.88

523%

$1,478.53

$1,116.73

32%

Total Residential

 

1,323.00

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

402121328003

Maintenance Bldg

2.00

$647.87

$543.16

19%

$130.33

$0.00

N/A

$778.20

$543.16

43%

402121151003

Club

119.00

$647.87

$543.16

19%

$130.33

$0.00

N/A

$778.20

$543.16

43%

Total Commercial

 

121.00

 

 

 

 

 

 

 

 

 

TOTAL

 

1,444.00