Certain subdivisions in Buckeye have a Community Facilities District (CFD) assessment. These assessments are not connected to the Homeowners Association (HOA). The CFDs were put into place as a way to finance the acquisition, construction, operation and maintenance of various types of public infrastructure including:
- Roadways and Parking
- Water Systems & Sewer Systems
- Parks and Open Spaces
- Pedestrian Walk Ways, Hiking, Biking and Walking Trails
- Landscaping
- Drainage Systems
- Public Lighting
- Public Buildings
- Fire Protection
- Public Safety Facilities
- Traffic Safety
- Equipment, Furnishings and Vehicles
It is very important to speak with the City of Buckeye to find out if there is a balance due for the property. The Buckeye CFD is considered a District Assessment Lien Bond that gets paid bi-annually by the homeowner. Since the CFD is a lien, it could affect getting a loan on the property. If you are looking for a home in Buckeye it is imperative to speak to your lender to make sure they can complete a loan with a CFD attached to the property. Since failure to pay the CFD can result in foreclosure, some lenders won't provide financing on a home with a CFD assessment. With that being said we see buyers get loans on properties with a CFD all of the time.
Some of the subdivisions may also have a General obligation bond which is repaid by property taxes on the taxable property within a CFD.
Not every subdivision in Buckeye has a CFD. Here's a list of the subdivisions listed on the City of Buckeye website that have a CFD:
| CFD-Special | Taxes-General | ||
| Assessment | Obligation | ||
| LIEN Bond | Bond | ||
| COMMUNITY FACILITIES DISTRICTS | |||
| Anthem Sun Valley CFD | No | O&M | |
| Elianto CFD | No | O&M | |
| Festival Ranch CFD | Yes | Yes | |
| Mirielle CFD | No | O&M | |
| Sundance CFD | Yes | Yes | |
| Tartesso West CFD | No | Yes | |
| Trillium CFD | No | O&M | |
| Verrado District 1 CFD | No | Yes | |
| Verrado Western Overlay CFD | No | Yes | |
| Watson Rd CFD | Yes | No | |
| Westpark CFD | Yes | Yes | |
| IMPROVEMENT DISTRICTS | |||
| Miller Rd ID | Yes | No | |
| Jackrabbit Trl ID |
Yes |
No
|
Assessments may be paid in full at any time without prepayment penalties. It is the responsibility of the title company to notify you of a CFD as they have to ensure a buyer obtains clear title. The title company will order a title report which will disclose the presence of a CFD. However, it's best to call the City of Buckeye prior to making an offer on a property to find out the balance due or what your bi-annual payments would be. And of course to notify your mortgage company of the CFD as well. They may request that you pay off the balance. You can call the City of Buckeye at 623-349-6159 to find out the property's CFD information.
