TomW.... I don't know the specific answer to your question, but, when I talked with the Sumter County Property Appraiser's Office about how they do after sale, follow on appraisals..... she said, they start with a base value for the model (e.g. Lantana) then do add ons for structural enhancements (birdcage, pool, etc) and lot size/view premiums. This would imply that their appraisal process is somewhat independent of the price you paid for the home and what's inside.
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Maryland (DC Suburbs) - first 51 years 
The Villages - next 51 years
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