Talk of The Villages Florida - View Single Post - Sumter County 25% Tax Increase
Thread: Sumter County 25% Tax Increase
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Old 07-16-2019, 03:30 PM
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Velvet Velvet is offline
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Quote:
Originally Posted by jgreen12 View Post
Fl passed a law in 1995 called "save our homes". It caps tax increases at 3% or the cpi (consumers price index) increase which ever is the LEAST. So it looks like a typo and probably is 2.5% increase of ASSESED VALUATION OF YOUR HOME. Not the actual selling price.
Now this makes sense. I was taken aback with the 25% tax increase or the large change in valuation of our homes. I’m pretty sure I wasn’t alone in my concerns.