[Hawkwind]

Originally Posted by villages07

along those same lines, the county assessor (for tax purposes) does not ascribe lot premiums anywhere near what the Villages charges for them on a new home.

Just looked at Sumter appraiser website for some golf course homes down the street.... they initially paid approx $125K lot premium and the appraiser puts on a $65K land value.

When I spoke to the appraiser's office a while back, they told me they calculate values via a formula ... a base value for a gardenia then add ons for lot size/view, pool, birdcage, golf cart garage etc. They don't look at pavers, landscaping, interior improvements, etc. It appears to be unrelated to what the initial buyer or subsequent buyer pays for the house.

All of this assessment talk is totally unrelated to the bond. The bond is the same for all homes in a section (our section is 3 streets with approx 150 designer homes ranging in initial sales price of $180K to $550K). I don't believe the bond balance or how it factors into a resale deal affect the county property appraiser's valuation for tax purposes. But, I could be wrong.

You are 100% correct on all points. Bond balance has no bearing on the county property appraiser's valuation for tax purposes.