What is a Community Facilities District (CFD)?
A Community Facilities District (or CFD) is a special taxing district which can be created by a city under Arizona State Law. The purpose of a CFD is to help finance the construction, operation, and maintenance of public infrastructure such as sewage systems, water systems, drainage and flood control, roadways and traffic control systems, and other improvements that benefit all residents of the district.
Community Facilities District Usage in Arizona
The Arizona Community Facilities District Act became effective in 1988 with Title 48 of the Arizona Revised Statutes. Many Arizona communities such as Scottsdale, Surprise, Peoria, Buckeye, Mesa and Goodyear have utilized CFDs to finance the installation and maintenance of infrastructure for specific communities.
How CFDs Build Communities
Creation and use of CFD’s to finance public infrastructure is generally brought forward by a Developer for consideration by the City early in the development stage of a new community. The bonds associated with the CFDs are the responsibility of property owners, so as a community develops, the responsibility for payment of that debt shifts from the developer to the home owner as it is the property owner who benefits from the public infrastructure improvements. CFDs will appear under the Special District section of your Maricopa County property tax statement.
A Note About Special Purpose Districts
Community Facilities Districts were formed for the purpose of acquiring and improving public infrastructure in specified land areas. As special purpose districts and separate political subdivisions under the Arizona Constitution, the Districts levy taxes and issue bonds independently of the City. Property owners in the designated areas are assessed for District taxes and thus for the cost of operating the Districts. Although the City Council serves as the Board of Directors for each independent district, the City has no liability for the debt of any District, nor does any other district have any liability for another district.
Vistancia North CFD (Coming Soon)
Mystic at Lake Pleasant CFD (Coming Soon)
Map of Community Facilities Districts in Peoria
Community Facilities District Policy Guidelines and Application Procedures (PDF)
8401 West Monroe Street, 2nd Floor
Peoria, Arizona 85345
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Phone: 623-773-7150 | Fax: 623-773-7033