Quote:
Originally Posted by retiredguy123
Please clarify what county you are referring to. Note that there are 3 counties in The Villages: Sumter, Lake, and Marion. My taxes went up 5.7 percent, even though my assessment went down by 3 percent. That is in Lake County.
|
It would be Sumter County and a home that qualifies for the Homestead tax credit and 3% Save our Homes cap.
Market value increased something like 30% (YMMV)
Assessed value increase was capped at 3% (due to Save Our Homes limit)
The Sumter County Rollback rate is a reduction of 9.1%
Which means County property taxes would decrease by about 6%
School tax rates and water management tax rates also decreased
Resulting in an overall ad-valorem property tax decrease of about 7%