If your Florida home is your permanent residence, then you are entitled to a $50,000 Homestead property tax exemption. Property taxes are based on the purchase price of the home. For example, if your home purchase price is $200,000, then you will be taxed on $150,000 (divided by 1,000 times mill rate = yearly tax). You do have to apply in person at the County Property Tax Appraiser's Office between Jan 1 and March 1 of the year for which the exemption is sought. You must show a Florida driver's license and have registered your car in Florida. Renewal is automatic each year unless you have made a change.
The Villages is in 3 counties and each county has its own mill rate. I believe Sumter is the lowest, followed by Lake then Marion counties.
Ask you realtor if he/she quoted taxes based on Homestead.
Hope this helps.
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England, Canada, Connecticut, The Villages-FL
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