Re: Real Estate Taxes
Here is what I used in my spreadsheet and for the house that we are building in Sumter County turned out to be quite accurate. ( The original formula and data came from the Re/Max web site.)
tax=(sales price x .85)/1000 times the milage rate for the county. For Homestead rates, deduct $50K from sales price.
Milage Rates:
Lake - 16.939
Marion - 14.7728
Sumter - 13.5843
The bond would be on top of this number.
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