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Old 08-27-2007, 09:02 PM
Happy Villager Happy Villager is offline
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Join Date: Jul 2007
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Default Re: Property Taxes In Villages?

I would like to add my thoughts to the issue of Super Homestead. My concern is if the real estate appreciation rate is historically 7% to 10% per year, switching to Super Homestead will increase my taxes over the Save Our Homes rate in 11 years and that is using just a 7% appreciation. Under the 10% apprecation it will take only 7 years. We plan on keeping this home and hopefully we will be here more than 20 years so we definitely will make out better keeping Save Our Homes. The historical 7-10% appreciation was taken right from the Sumter County site on their calculator. On went on both Sumter County and Lake County and used their calculators and entered the figures using 5% all the way up to 10% and I'm here to say it is scary what the jump in taxes will be in 20 years under Super Homestead. I think everyone should go on the sites and put in their figures to see for themselves.
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