Quote:
Originally Posted by midiwiz
thant's nice,but that is far from hw poperty assessments work. The golf courses have absooutly NOTHING to do with them
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You need to step away from the computer and re-evaluate what you typed.
"Assessments" have everything to do with amenities. In the case of golf in The Villages, "Executive courses" are an amenity, Championship courses are a "convenience", which adds similar advantages/value. What you said, is tantamount to saying "your home isn't worth more money, just because it's located 20 steps from the Atlantic ocean". Hardly accurate.
By law, in most every state in the United States, "real estate assessments" are based on one and only one thing.
"What a willing seller will pay a willing buyer". It's the law in FL and most everywhere else.
"Amenities" are part of what determines value or in simpler terms, amenities are a significant factor in "what a willing buyer will pay a willing seller".
Amenities are no different than an extra bedroom or extra bathroom. A value (assessment or selling price) is driven by the specific attributes of a home.
You need look no further than houses around, but not in, The Villages. You could transplant a $400,000 home in The Villages, to Lady Lake proper and the house would now be worth (assessed) at $300,000.
Why the difference? Amenities.