Talk of The Villages Florida - View Single Post - My taxes went down 7%
Thread: My taxes went down 7%
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Old 08-22-2022, 06:35 AM
Altavia Altavia is offline
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Originally Posted by Bill14564 View Post
The Developer was the cause of the spike in demand for housing that drove values up? The value of the house I sold in Md increased at the same time (good for me) so is the Developer to thank for that too?

The Developer seems to be building as quickly as possible to create a supply of houses to meet the demand. My basic economics lessons told me prices increase when supply is low, not when supply is high. Wouldn't values have increased even more if the Developer had slowed or stopped building?

And really, I believe the continued investment in county infrastructure, needed to support the additional homes being added by the Developer, is what necessitated the 25% increase in taxes a few years ago.
The additional revenue comes from adding over two billion dollars a year in new home taxable restate and is largely responsible for keeping taxes low.