ARE THERE CDD FEES?
There are NO CDD fees at Cypress Lakes. If you are unfamiliar with the term here is a brief explanation. “CDD” is short for Community Development District, it is a district which finances and manages community developments. Tax-Free Bonds are issued to the developer to finance the cost of building the infrastructure of the development, including roads, utilities and many amenities including, pools, clubhouses, tennis and pickleball courts, golf courses, etc. Homeowners in the development pay the costs of “CDD” over the span of 15 to 30 years.