Properties are reassessed each year anyway. If you are homesteaded, there is a limit to how much the assessed value can increase because of the Save Our Homes law (about 3% or the CPI, whichever is lower). If you are homesteaded, the market value is not what your taxes are based on. They are based on the assessed value. Some of the 25% tax increase has been reduced the last 2 years. Also, the 25% increase was on the County Tax only, not the School Tax or the line items for fire and maintenance. The net effect was more like a total of about a 12% increase.
Quote:
Originally Posted by tophcfa
Apparently you are not aware of the 25% property tax increase to Sumpter County homeowners that was necessitated by the infrastructure needs created by all the newer homes referenced in your post. Also, you apparently are not aware that all homes in Sumter County, regardless of when they were purchased, were recently reassessed to reflect current market values for tax calculations.
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