Talk of The Villages Florida - View Single Post - Developer owned utility to be sold to TV for $98.5M
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Old 10-22-2019, 08:36 PM
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Quote:
Originally Posted by dewilson58 View Post
Utility costs are pass-thru costs. Rates are based on costs. So, you should be cheering property tax expenditures are low


Does that imply that utility providers are subject to a different mill rate and/or accessment process than other residential or commercial property owners? Just trying to understand how an entity with an appraised value of roughly 98.5 million is only accessed at about 400 thousand? I know we all wish our homes were accesses at 4/10 of 1% of their market values, how sweet would that be! And the property in question is not my utility provider in District 1.