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, 06:57 PM
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Velvet Velvet is offline
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Originally Posted by biker1 View Post
I will admit that I do not know the Developer's pricing model but I would guess that it may be similar to several companies I worked for. We typically had a gross margin target we were trying to hit. If the cost went up, the price went up. We dropped products when we could not compete at the gross margins we needed. The average price of new homes is probably about $300K. Let us assume, for the moment because of the lack of any real data, the impact fee needed to go to $10K. That is an average increase of about 3%. I can't speak for everyone but that (a straight pass through of an increased impact fee) would not have been an impediment to us when deciding to buy a new home in The Villages. Can we agree that without any real numbers this thread is just a bunch of speculative nonsense?
Nope, not speculative. The property tax money really did come out of my bank account. I can vouch for that.