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Annual Non-Ad Valorem Assessments - KBar Ranch CDD
KBar Ranch Entrance 2


The K-Bar Ranch Community Development District (“District”) is authorized to determine, order, levy, impose, collect, and enforce special assessments pursuant to this Chapter 190 and Chapter 170 of the Florida Statues. Such special assessments may, in the discretion of the District, be collected and enforced pursuant to the provisions of ss. 197.3631, 197.3632, and 197.3635, Chapter 170, or Chapter 173.


District Operation & Maintenance Assessments

The operations and maintenance assessment (“O&M Assessment”) is the second component that makes up the non-ad valorem assessments property owners within the District will see on their annual tax bill from Hillsborough County.

O&M Assessments are based on the District’s Operations and Maintenance Budget, which is adopted annually. This is the budget that deals with the day in, day out needs of the District for the administration and operation of the District’s facilities and infrastructure. The District follows the budgeting process proscribed by section 190.008, Florida Statutes.

As part of this process, the District must annually adopt a proposed Operations and Maintenance Budget prior to June 15th and transmit the same to the Clerk of the Board of County Commissioners of Hillsborough County, Florida. After a minimum of 60 days after the submittal to the County, the District must conduct at least one public hearing to allow for public comment and testimony relating to the proposed Operations and Maintenance Budget. After the public hearing, the Board of Supervisors may adopt the Operations and Maintenance Budget and levy the assessments necessary to fund that adopted Operations and Maintenance Budget.

The link below is to the chart which depicts the O&M Assessments for the current Fiscal Year, which runs from October 1, 2014 through September 30, 2015. It is important to know that O&M Assessment is variable depending upon the annual Operations and Maintenance Budget adopted for a given fiscal year.

O&M Budget Assessment Chart


District Debt Assessments

The Series 2011, Series 2014 & Series 2016 Bonds and associated interest are payable from and secured by non-ad valorem assessments levied against those lands within the District that benefit from the design, construction and/or acquisition of the District improvements (“Debt Assessments”). The Series 2011 Bond proceeds were utilized to fund the acquisition of a substantially-completed facility and other real property located within the District for public recreational use and mature on November 1, 2024. The Series 2014 Bonds were bifurcated into two separate Bonds, funding two separate projects. The Series 2014 Bond (Parcel O-1 Project) proceeds were utilized to fund a portion of the Parcel O-1 Project, and the Series 2014 Bond (Parcel Q) proceeds were utilized to fund a portion of the Parcel Q Project, both maturing on November 1, 2044. The Series 2016 Bond proceeds were utilized to refund the Series 2005 Bonds which were originally issued to fund the a portion of the construction and/or acquisition of the Series 2005 Improvements and mature on May 1, 2036.

The District’s Debt Assessments and operation and maintenance assessments (discussed below) may appear on that portion of the annual real estate tax bill entitled “non-ad valorem assessments,” and will be collected by the Hillsborough County Tax Collector in the same manner as county ad valorem taxes. Each property owner must pay both ad valorem and non-ad valorem assessments at the same time. Property owners will, however, be entitled to the same discounts as provided for ad valorem taxes. As with any tax bill, if all taxes and assessments due are not paid within the prescribed time limit, the tax collector is required to sell tax certificates which, if not timely redeemed, may result in the loss of title to the property. The District may also elect to collect the assessment directly.

The link below is to the chart which depicts the annual assessment amount of the Series 2011, Series 2014 and Series 2016 Bonds. The annual assessments for each lot/unit type are used to repay their respective debt. Together, the Series 2011, Series 2014 and Series 2016 Bonds encumber 599 lots/units within the District. It is important to know that the Debt Assessment is a fixed amount and will not change from year to year.

Debt Budget Assessment Chart


Bond Payoff Request

Debt Assessments may be prepaid in full or a one-time partial payment at any time by landowners, subject to the Trust Indenture. Actual pay off figures must be requested and verified in writing by the District Manager.

Click here to request bond payoff information.

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