
09-09-2024, 07:59 AM
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Sales Tax
Quote:
Originally Posted by Rainger99
This is what the Leesburg mayor said about the Villages coming to Leesburg.
“It makes everything possible, because it’s not just about the sale price, but the taxes and fees that will be coming in for years,” said Dan Robuck, who was the mayor at the time.
And this is the financial impact of the Villages.
The “upside” numbers are staggering:
· 2,800 new homes will be built, valued at about $275,000 each before homestead exemption.
· $2,270,470 will be raised in residential property taxes.
· $3,557,188 will be added to general fund revenue from things like fees, franchise revenue and sales taxes.
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Interesting and in the weeds to say, paying sales taxes to Leesburg, while purchasing and using in Wildwood. Not to say this isn’t possible for a private entity, but Leesburg is a public municipality.
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