Magnolia Island Community Development District

County:
Pasco County, FL
District manager:
Wrathell
Created:
05/22/2024
Website:
www.magnoliaislandcdd.net

A Community Development District (CDD) is a special district that funds community infrastructure such as roads, utilities and amenities. Its fees appear on the property tax bill in two parts: O&M (operations & maintenance — ongoing upkeep, continues every year) and debt service (repaying the bonds that built the infrastructure — this part ends when the bonds mature).

Areas covered

  • DADE CITY 33525 — 391 parcels
  • Unincorporated — 13 parcels

Typical annual fee (FY2027)

Lot / unit typeO&MDebtTotal / yr
SF 50'$1,590$4,624$6,214
SF 50' Reduced$1,590$1,723$3,313
SF 60'$1,908$5,549$7,457
SF 60' Reduced$1,908$2,067$3,975
SF 70'$2,226$6,473$8,699
SF 70' Reduced$2,226$2,412$4,638
Townhomes$795$2,105$2,900
SF 40'$1,272$2,807$4,079
SF 40' Reduced$1,272$1,378$2,650

Gross budget amounts; fees change every October. Verify with the district manager or your closing/title agent.

Bonds

SeriesOutstandingFinal maturity / payoff year
2025AA2$12,070,000 as of 2026-08-012049
2025AA2$7,210,000 as of 2026-05-012050

Source

District adopted budget FY2027

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Other districts in Pasco County