[THUNDERCHIEF]

Originally Posted by laker14

dw and i are seriously considering leaving the ranks of the renters and purchasing a home in tv, probably when we are down next winter. We are already committed to renting dec '20- april '21, so that is probably when we'll do our house hunting

i'm trying to predict what the various property taxes would look like on varying purchase prices. Say, 250k, to 350k.

I've gone on the sumter co. Tax site, and looked at what properties are "assessed" at, and have a few questions.

Do they assess at what they consider "fair market value", or some percentage of that? If a property last sold 10 years ago, for 100k less than what it's likely to get today, is the assessed value likely to jump a lot with the sale, or have they inched up the assessed value over time, to at least approximate what a new sale might be? In other words, if the house hasn't sold in 10 years, is the latest tax bill likely to be a close approximation to what the new bill would look like?
I don't need to be exact, but i would like to get within a 10% margin with my approximation.

Thanks for helping.

you know that waiting will cost you a few thousand dollars. Village homes go up around $ 5,000 or more per year