Talk of The Villages Florida - View Single Post - I.R.S. Rules Against The Villages
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Old 06-12-2013, 10:56 AM
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Quote:
Originally Posted by manaboutown View Post
This is out of the Sentinal's article.

"Israel said the district is weighing its options on how to proceed with the case, but it's "too soon" to tell. District officials said they have spent more than $700,000 defending their position. Israel said he hasn't calculated how much in back taxes is owed."

...and the clock is still running on the legal fees as well as perhaps the interest which it appears are being paid and/or are to be paid by the central district(s) out of what, the amenities fees paid by Villagers?
Thank you for highlighting this - if the district didn't think they would be looked to for the back taxes I don't imagine they would have spend $700k plus to fight this.