Talk of The Villages Florida - View Single Post - Property Taxes
Thread: Property Taxes
View Single Post
 
Old 12-31-2008, 08:08 PM
Laker14 Laker14 is offline
Sage
Join Date: Dec 2008
Posts: 2,612
Thanks: 2
Thanked 2,922 Times in 1,060 Posts
Default
Quote:
Originally Posted by Barefoot View Post
Please let us know if you challenge your taxes and the result.

We pay higher taxes each year although our home is obviously decreasing in value (bond is paid off).
Typically your taxes relate not to the value of your home directly, but to the value of your home RELATIVE to the total value of all of the homes, and the public budget that is paid for by the tax revenue.

yes, the value of your home has decreased, but so has everyone's, yet the community "budget" increases. If your relative value is the same, your taxes increase.