Quote:
Originally Posted by Bill14564
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%
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Interesting, my bottom line tax’s went up by a few dollars in Sumter county