Quote:
Originally Posted by Mike H
For those in Sumter County where the tax rate is $5 and change----round it to $6---the additional tax savings is $150 at most. Guess Sumter County residents are less than "Average". Builders and real estate companies are celebrating as it will help them sell more homes. More people in TV have moved from elsewhere in FL than from any other state----portability rules!
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When people from outside the state look to buy a house and see the total RE tax on a property is, let's say, $1234 per year but when the house is sold to them, they discover that the cap and the exemption(s) come off and the new tax is $2345. Boy, are they surprised! And you know the Property of the Villages don't tell you that on resales.
In Marion County the Amendment 1 savings will be exactly $179.15 per year and in Sumter County it will be exactly $151.40 per year. Pretty big deal, heh?
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