Quote:
Originally Posted by Carol Fiore
I been living in The Villages for almost 10 years. I really like living here. There is so much to do and FUN? In my opinion, I believe Sumter PA is overcharging property taxes for The Seniors only. I am just researching Sumter County PA. I would like to change the laws to protect the Seniors.
The Base Rate for Sumter County is the rate they use to calculate your market value.
Example: Custom Home
Both on same block (custom homes) and both paid the same price for house
Land Value = 50,000
Jasmine model effective sq. ft. is 2100 2100*137= 287700
Lantana model effective sq. ft. is 2100 2100*164= 344,400
Jasmine 287,000(building)+50,000(building) = 337,000 Market Value
Lantana 344,000(building)+50,000(building) = 394,000 Market Value
The Lantana will be paying more taxes than the Jasmine even though they paid the same price with same sq. ft.
Is that fair for all Jasmine and Lantana lumped together with custom homes? This drives up the taxes for everyone if you buy a standard home.
I found this information by asking for the Property Record Card of my house and all my neighbors. I also asked for Property Record Card for outside of The Villages where everyone in the neighbored got the same effective sq. ft.
Sumter County PA been doing this for years. I called Lake County, Volusia County and no one uses this method. There is no way a Senior can calculate their taxes when buying a Village Home. Florida Statue 193.011(3) location. All counties must follow these laws. Sumter County does follow the law for outside of The Villages but not for The Village (A Senior Community). Should the Seniors pay more taxes?? Will taxes be driven by custom homes?
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But...
- The Jasmine and the Lantana that I found on that street are not the same size, the Lantana is about 33% larger
- The Jasmine and the Lantana did not have the same purchase price, the Jasmine was purchased for about 25% less
- The market values for both are less than the purchase price
- If you take the (market value - land value)/sqft the result is less than your Base Rate in both cases
There appears to be more to the calculation of market value than just a Base Rate for the model and the square footage. It would really make a lot of sense to actually meet with the Property Appraiser's office and learn how the values are determined.