Talk of The Villages Florida - View Single Post - Property taxes
Thread: Property taxes
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Old 03-17-2024, 11:54 AM
Pairadocs Pairadocs is offline
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Quote:
Originally Posted by edtherock View Post
In Sumter county my understanding is a previous homeowners property taxes are capped a certain amount each year. So if they owned a house for 20 years let’s say their taxes are 3000. Then they sell. The new owners who do NOT own a present property in the villages will pay for example 6000 dollars now. The house is reappraised at present value and the cap is gone. So the cap now resets for the new homeowner at the higher rate. There is a grandfather clause at least for Sumter County property taxes.
So, if one lives in Sumter county 15, 20 years, sells, and BUYS again IN Sumter county, would their taxes stay relatively the same assuming the square footage is relatively the same, meaning a 1400 sq. foot house (not villa) to a 1400 sq foot house but in Sumter co. ? That makes it even stranger that agents will say it really makes no difference which county one moves to ? ? ?