Recently, you may have received a letter in the mail regarding a “special assessment” on your property by the Tolomato Community Development District (Nocatee’s CDD). Much of the wording in the letter is required by state law and, therefore, can be very confusing.
Following are some simple questions and answers to better explain the meaning of the letter.
Q. What is a Special Assessment?
A. According to Florida Statutes, all assessments levied by a Community Development District are considered “Special Assessments.”
Q. Is the amount shown on the back page of my letter a “one-time” assessment in addition to my annual assessment?
A. No, it is your full Operations & Maintenance (O&M) assessment for fiscal year 2015. It is not a special one-time assessment, nor does it represent the amount of increase from your assessment last year.
Q. How much will my assessment increase over last year?
A. It depends on the size of your lot. For an average lot in Nocatee, the increase is about $120/year, or $10/month.
Q. When was the last O&M increase?
A. O&M rates have increased only once since the beginning of the Nocatee CDD. That was in FY 2011, following the opening of the Splash Waterpark amenities.
Q. Does my O&M assessment include costs for the Farmers Market and events like Roscolusa?
A. The Farmers Market operates at no net cost to the CDD. Roscolusa was hosted by the Nocatee Developer at a minimal cost to the CDD.
Q. How do the new O&M rates compare to other CDDs?
A. Nocatee’s O&M is definitely lower than most CDD’s in Northeast Florida. Following are the O&M assessments for a 70’ residential lot in some of the local CDDs. Note, these assessments are from FY 201 while the Nocatee assessment is for FY 2014:
St Johns Golf & CC $1,203.44
Wynnfield Lakes 953.42
Johns Creek 923.53
Eagle Landing 835.00
Durbin Crossing 816.61
Eagle Harbor 523.40
Julington Creek 458.81
Nocatee’s O&M rates are more than 20% lower than the average of the other CDDs.
Q. How often are O&M rates adjusted?
A. O&M costs are budgeted annually. However, it has been CDD policy to avoid frequent rate changes. The current increase in O&M rates is only the second increase in the past 12 years. Additionally, current projections do not indicate another increase in the foreseeable future.
Q. How are my CDD assessments paid?
A. CDD assessments are part of the property tax bill you receive each November. You pay your CDD assessment when you pay your property taxes.
Q. Why didn’t I receive the mailed notice?
A. Florida Statutes requires a mailed notice be sent to owners of record on January 1. Our mailing list was created using the records of the county tax collector which were in existence on January 1.
Q. What should I do if I still have questions or comments?
A. Please contact David Ray, Community Manager at 904-924-6855 or email@example.com.