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Originally Posted by batman911
Something to consider. With the large drops in home prices all over Florida (except TV of course) the taxable base is ever shrinking for the local governments. That will mean increases in the RPT rates to maintain the income for the tax users. If that happens, the tax you pay on your Villages property is sure to go up based on a higher tax rate. I believe local prices outside the bubble have also dropped significantly. What do you think?
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Not necessarily. Unlike other communities, TV is unique in the sense that its residents put virtually no burden on the largest component of taxes - the school system. Hence for every new home purchased in TV the tax base grows, but the cost burden is only modestly increased. The effect of this can be seen in this year's taxes. Even though property values have decreased in Sumter County as a whole, the continued growth of TV and its size relative to that of the entire county has resulted in the tax rate for the whole county to actually go down. This trend should continue as TV continues to grow.