State Tax on New Home
We are renting in The Villages for a month and looking at homes while we are here both new and pre-owned. We know about the bond but today we heard from someone that there is another tax which is a state tax only paid on a new home by the original buyer. She said it is a one time tax and the buyer of a pre-owned does not have to pay this as it has been paid by the original owner. She didn't know the name of the tax and thought the name started with the letter I. Does anyone know anything about this tax such as is it based on the purchase price of the home? Thanks for any information.
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