[jjdees]

The tax you pay when you buy the home is based on the purchase price. Homes are not reassessed on a regular basis. They apply a cap on the level of increase you experience year to year (3%) but that's it. That's why you'll see a great disparity between like kind properties. The home that was bought 9 years ago for 150K is being taxed on that amount plus the small yearly increase even though it's maybe now worth 350K. You come along and buy it for 350K and your taxes will be based on that number and will be an awful lot higher than the original owner was paying. I don't understand how they get away with that. By the way, it has nothing to do with the Villages, it's all homes.