Not exactly. In Sumter, about 2400 new homes were sold so that is new tax revenue. I believe a similar number of used homes were sold. Since the used homes will typically start off with a new and higher assessed value, assuming the buyers weren't moving from another home in FL, there is probably some incrementally higher tax revenue associated with those homes. Regarding whether the increased revenue from both new and used home sales was "more than enough ... to pay for any reasonable cost for running the county", you would need to take a look at the county budget to draw such a conclusion.
Quote:
Originally Posted by J1ceasar
This year it was about 3,500 to 5000 homes sold as well as several million square feet of retail and warehousing added to Sumter this alone would have been more than enough to gather in more real estate taxes to pay for any reasonable cost for running the county
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