Talk of The Villages Florida - View Single Post - It's Time to Roll Back the 25% Sumter County Tax Increase!
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Old 12-29-2020, 03:50 PM
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dewilson58 dewilson58 is offline
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Thru all this, do you know what I wished the county would have done????


Issued a Special Revenue Bond and had future NEW property taxes pay off the bonds.


If there are 3,000 house being constructed each year, (what's the average assessed value??) for say $300,000 each, this would generate about $7,000,000 in new tax revenue every year. After ten years of growth @ 3,000 per year...........that's $300mil in tax collections. Plenty to pay off the Special Revenue Bonds.


I wish.
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