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Old 01-22-2008, 09:05 PM
villages8house villages8house is offline
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Default Re: Closing Costs - New vs. Resale

Reply to Dutchman -

The assessed value of my patio villa for 2007 was $101,908 less the $25,000 Homestead Exemption making my Taxable Value = $76,908 which resulted in my Ad Valorem Taxes for Sumter County = $1,044.73. See below for millage rate breakdown.

When you add in The Villages Special Assessment Maintenance, Bond, and Fire District, my total tax bill was $1,816.14 as I explained in the former posting.

I'm the second owner, so my tax bill went up from $1,512 for 2006 as the home's assessed value was increased to reflect my purchase of the home in 2006. Each time a home is sold, the assessed value changes to reflect the new purchase price, etc. You don't get the Save Our Homes Discount until your second tax bill year.

My 2007 Ad Valorem tax rates were as follows in Sumter County:
C100 Sumter Co.
BCC General 5.2037 x Assessed Value $76,908 = 400.20
BCC Health .1027 = 7.90
CTT .1325 = 10.19
SSCH Sumter School 7.5280 = 578.96
WSWF SWFWMD .3866 = 29.73
WWRB WRBASIN .2308 = 17.75
TOTAL AD VALOREM COUNTY TAXES = 1,044.73

I thought maybe you'd get a better idea of the taxes if you had the actual millage rates.

Again, hope this helps you calculate your home's taxes.

Villages8house