Jan 05 , 2016

Tampa School of Real Estate

Community Development District (cdd)

Definition:    An independent special district created pursuant to Florida law to service long-term detailed needs of its community.  A CDD constructs, operates, and maintains communitywide services and infrastructure for the benefits of the residents.  CDD’s provide an alternate way to fund and construct capital infrastructure to service projected growth.

Pronunciation:   \kə-ˈmyü-nə-tē\ \di-ˈve-ləp-mənt, dē-\ \ˈdis-(ˌ)trikt\

Used in a Sentence:   The CDD fees are part of your annual taxes.

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