Talk of The Villages Florida - View Single Post - 2 Very basic questions. Construction of Villas & Taxes
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Old 02-21-2024, 08:10 AM
biker1 biker1 is offline
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Not exactly. The increase in the assessed value is capped at 3%. The actual taxes are the product of the assessed value (minus the exemptions) and the millage rate. The millage rate can go up also.

Quote:
Originally Posted by roadrnnr View Post
Is it Mostly true once you buy your house and it is reassessed for the new amount and you homestead it that the Tax increases are capped going fprward?