Talk of The Villages Florida - View Single Post - The 2% Rule for figuring tax/bond/mntce
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Old 03-17-2013, 08:31 PM
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Quote:
Originally Posted by jerseylady View Post
We noticed that every Villages open house we went to had a sales rep. These reps were uniform in offering the 2% rule for figuring how much you would have to pay yearly for property taxes + bond + maintenance. Unfortunately, it doesn't add up to 2%, as we sadly found out at our closing. It's much closer to 3%, which in our case was a whole lot more money yearly. They really should reevaluate how they are reaching that number when the bonds have increased but their 2% has stayed the same. How many of you new Villagers have found it to be true? We don't understand how they can give out this information in good conscience. This is wrong.
Never heard the bond and maintainance included.
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