Talk of The Villages Florida - View Single Post - Sell in Duval, buying new in south- cost comparison
Thread: Sell in Duval, buying new in south- cost comparison
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Old 02-12-2021, 02:57 PM
LuvtheVillages LuvtheVillages is offline
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Quote:
Originally Posted by JohnN View Post
"no taxes" How's that work?? I'd think the new taxes would quite higher. Duvall is unincorprated and the new area would have Sumter plus Wildwood taxes. Just asking.
I think he is talking about federal income tax. No capital gains tax on sale of your primary residence.

He might be thinking that real estate tax would be the same, but you are correct. The new area pays higher real estate taxes because of the Wildwood jurisdiction. Unincorporated areas already pay Sumter tax.