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The Veranda Community Development District is a residential community in Port St. Lucie established on April 23, 2015, by City Ordinance 15-15, pursuant to F.S. Chapter 190. The District consists of 358 single family homes and is governed by a five-member Board of Supervisors elected by landowners within the District. The District may impose and levy assessments on the property to pay off bonds issued for capital improvements. All property owners within the District are subject to annual assessments which are broken down in two components:
- The operation and maintenance (O&M) of the improvements
- Debt service (annual principal & interest) on the capital improvement bonds
The District will utilize the St. Lucie County Tax Collector to collect these assessments each year, beginning in 2016. The annual assessments will appear in the non-ad valorem section of the property tax bill. The fiscal year is October 1st – September 30th.