ASSESSMENT INFORMATION
The taxing authority for Special Districts are Florida Statutes 190 and 197. The District’s fiscal year runs from October 1 through September 30.
Q. How are District assessments determined?
A. Each property owner will pay an annual assessment that is levied on their property tax bill as a non-ad valorem assessment. The annual assessment is for operations and maintenance (O & M) of community properties. Each year, the CDD Board of Supervisors advertises for and holds a public hearing to set its budget and the level of assessments. The annual O & M assessment is listed in the table below.
Beginning in Fiscal Year 2024, a new assessment was levied on the units of Villages of Lake Lucie for repairs to the pool and pool cabana, and this was to be levied over three years. However, in May 2024, the District adopted a new O & M assessment methodology, which was created by a professional firm to rationally apportion the operations and maintenance costs across the three different unit types: the Business Park, the Villages of Lake Lucie homes, and the parceled, undeveloped land. This methodology apportions a dollar amount per ERU (equivalent residential unit) and then assigns the number of ERUs per parcel based on a rational method for determining the benefit derived by each Unit Type. Click here to be taken to the page on this website containing that new Assessment Methodology for more detailed information.
Q. How long do the property owners in Lake Lucie CCD have to pay CCD assessments?
A. Property owners will continue to make the O & M assessments, which pay for the ongoing expenses of the District, as long as the District exists.
Q. Can I pay off the assessment early?
A. No.
Q. How is the assessment collected?
A. Assessments are collected uniformly by the St. Lucie County Tax Collector as a “non-ad valorem” assessment on your county tax bill and are paid directly by the owner or via a mortgage holder escrow, beginning November 1st of each year.
LKLC – Assessment Rates – Fiscal Year 2025
| Unit Type | # of Units | FY 2024 O&M | FY 2024 Pool/Cabana | FY 2024 Total per Unit | FY 2025 O&M Per ERU* |
|---|---|---|---|---|---|
| Business Park (Unit 1) | 11 | $1,078.73 | $0.00 | $1,078.73 | $350.54 |
| Villages of Lake Lucie (Unit 2) | 156 | $986.24 | $320.51 | $1,306.75 | $1,316.47 |
| Developer Acreage (Unit 3) | 64 | $57.50 | $0.00 | $57.50 | $346.50 |
*Please note that prior to FY 2024-2025, the assessment was per unit and from FY 2024-2025 and forward, the assessment is per ERU, with each unit possibly having differing numbers of ERUs. Please see above explanations for more detail and a link to the new Assessment Methodology.