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Originally Posted by Kelsie52
I am getting a lot of great info here..And like some other posters I am having trouble with the Tax calculations. I think I have the Bond Squared away.
We have been on several visits over the last year and the Sales Rep keeps telling us the taxes are based on the purchase price of the home . We have been looking at designers between 250 and 350 ---so he claims our taxexs depending on the home would be between 5 and 7 thousand ! with a Bond of 20 thousand.. Does this make sense ? It seemed a little high but what I read it might not be correct .. I appreciate any info since we will more than likely be down again in May and want to purchase something
Thanks ---A true hopeto  be |
Kelsie52
The taxes are based on the appraised value of the house and not what you paid for it. For example if all the patio villas on a street are the same and all sell for $175,000 and you go and buy one from a private owned for say $225,000 the county will tax you at the same rate as the other homes. They can care less because you overpaid for the home because they are all the same. Now if your home had a pool, birdcage etc that added value to the home then the taxes would be higher.
You can go on the county and see the current tax records for all the homes in TV. Be careful as I believe the first years taxes may cover only the land and not the land and house so what you are seeing on a new home purchased in 2009 is not the same tax total that you would see in 2010 (assuming the mil rates stay the same).