Quote:
Originally Posted by dmorhome
If they raise it 25 percent see you later
For sale
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Seriously?
We are not talking about huge amounts of money here.
The proposed new millage rate of 6.7 would represent a $341 increase to total annual tax bill on a home assessed at $300,000.
That's an increase of $28 to a monthly budget.
You would spend $20,000 to $30,000 in non-recoverable closing costs alone to sell and buy elsewhere.
Moving because of this proposed property tax increase makes no financial sense at all.
Also, you should be aware that this proposed 6.7 millage rate is only 5.5% of the 6.35 millage rate we were paying in 2012!
I think we've been getting, and still are getting, a good deal on property taxes in Sumter County.