Taxes and Assessments
At this time LAMSBD only levies an annual assessment of $600 per lot. Any future increase in the annual assessment must be approved by a majority of lake residents.
The 1 mill non-Ad Valorem tax, that was approved by a referendum by a majority of lake residents, is not levied at this time. If needed, LAMSBD could levy the 1 mill without an additional vote of the residents since it is already approved. The Charter allows a Non-Ad Valorem tax up to 3 mills, but anything over 1 mill requires a majority vote of the lake residents.
Taxes and Assessments are collected by Clay County, Florida, www.claycountytax.com, Your assessment will appear on your property tax bill sent to you by the county or will be included in your monthly mortgage payment.