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Originally Posted by Altavia
Ranger99 did a nice job researching some samples. Taxes have been relatively stable. Home improvements can result in increases.
In The Villages, no development starts until funding is in place for the infrastructure to support more development.
For new homeowners, this is the Bond on the property that funds everything other than your home inside The Villages.
The County is responsible to fund the "glue" that connects the development in the form of roads, etc. Of course, this needs to happen first.
Bottom line: there was a relatively long period of no tax increase, thanks to real estate development in the Villages adding tax revenue every year as new homes were built.
To support additional developing south of the Turmpike, there was a spike in needs so a there was tax increase for the county to fund construction of roads to support future expansion of the Villages. This is what you see taking place in the Middelton area.
Investing in these roads will enable adding greater than 20 billion dollars of taxable real estate to Sumter county over the next ten years. This will more than pay back the increase and likely enable stable taxes over foreseeable future.
An early indication of this is the millage roll back for next year, due to the huge increase in property values the past year.
There are people who want their cake and eat it to. They have no problem with development keeping their taxes low but don't like an incremental investment to keep taxes lower in the future.
This is an oversimplified macro point of view.
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Wow a 25% increase in one year is incremental don’t think so but it is poor management. The commissioners needed to negotiate the impact fee before they signed the road agreement to cover the cost of the roads. If we had been paying 2% increases in our taxes for the 14 years they said they were cutting taxes you wouldn’t need a 25% increase. That is poor planing on their part and only one commissioner was here the entire time