Re: Property Tax Vote
This is great for people moving to the Villages from other parts of Florida...
* If they move from a more expensive house to a less expensive house, the "save our homes" tax cap will be carried over to the new house. The resulting tax rate for the new house will be in the same proportion as the old house. If the old house was market valued at $300,000 and the assessed value was $150,000, and the market value (purchase price) of the new house is $200,000, the assessed value for tax purposes will only be $100,000 (50% of the market value).
* Since The Villages is operated and maintained through CDD fees, which are not included in the Amendment One provisions, TV properties will continue to have the same level of service and are not impacted. Sumter County will have to tighten its belt. They will implement a combination of efficiency measures, reduce or delay some lower priority services or capital improvements, and seek other revenue sources.
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Brockton, MA 1946-49 * Fort Lauderdale 1950-66 * Northern Virginia (Army) 1967-69 * North Lauderdale 1970-72 * Coconut Creek 1973-87 * St. Louis 1988-89 # Northern Virginia (again) 1990-2000 * Destin, FL 2001-08 * The Villages - Amelia/Hadley
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