View Single Post
 
Old 08-06-2007, 10:30 AM
LG LG is offline
Senior Member
Join Date: Jul 2007
Posts: 213
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: Property Taxes In Villages?

There are three tax rates
PER THOUSAND OF ASSESSED VALUE
Marion 17.9470
Sumter 16.4935 but will go down a couple of dollars next year
Lake 16.6059

If you are a full time resident ( Register Voter and have a FL drivers Lic ) you get a $25000 homestead exemption. Other wise you pay the full load

Taxes are based on the Selling Price of the home say for easy math $100,000
Florida is full value assessment state, but it kinda works out @85%

$100000 x .85 = 85000
85000/1000 = 85
85 x Millage Rate is you annual tax

There is some tax relief comming nest year and there will be a voter opportunity to change how property taxes are calculated.

http://www.floridataxwatch.org/news/propertytax.php
__________________
INDIANA>CALIFORNIA>TEAXAS>FLORIDA