Are you in Sumter County and don't pay Wildwood taxes? The assessed value and millage rate matter, as well as if you homestead. We don't know what his assessed value is. Your assessed value is not $500K if your taxes (county and school) are under $3K and you are in Sumter County as the millage rate is a bit over 10, albeit the homestead exemptions differ for county and school. If your bond payment was $500 then you are in an older home, perhaps 15-20 years old?
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Originally Posted by mrf0151
How is it you pay $10K a year in bond and taxes? We have a home worth just over $500K and our taxes are just under $3K a year. Also, when we did still have the bond, it was only a payment of under $500 a year. Not arguing here, just wondering where you arrive at $10K a year total.
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