Talk of The Villages Florida - View Single Post - Developer owned utility to be sold to TV for $98.5M
Thread: Developer owned utility to be sold to TV for $98.5M
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Old 10-22-2019, 10:26 AM
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Quote:
Originally Posted by tophcfa View Post
I understand the appraisals, that's not what I am trying to figure out. I am trying to reconcile how a taxable entity (under current ownership) valued at around $98.5 million pays only $3,780 in property taxes?
The property tax value of my house is not based on "the valuation discussed herein reflects a projection of annual revenues net of projected annual expenses such that projected annual income is calculated for 33 years (FY 2019 thru FY 2052)."