Question about property taxes (and bond) plus homeowners insurance

[RetiredFed]

Considering the big move to The Villages but need help with understanding approximate annual costs for property taxes (and bond) and homeowners insurance policies for a $250k home in TV. Can anyone please advise on this? Thanks so much!!

[kkingston57]

We have an older frame home(more expensive to insure) and insured for 260K and pay around $1200 for insurance. Taxes are around $3000. No bond. Ours was paid off. As an aside lived in South Florida(near the coast) and insurance on a 300K home was $4600 and going up 10-20% a year.

[Bogie Shooter]

https://www.talkofthevillages.com/forums/villages-florida-new-members-forum-115/cost-living-month-villages-317843/?highlight=cost+live+villages

https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/where-can-i-find-out-about-costs-living-villages-316283/?highlight=cost+live+villages

https://www.districtgov.org/departments/Finance/bond-financeFAQ.pdf

Sumter County Property Appraiser - Joey Hooten - Bushnell, Florida - 352-569-6800 (http://sumterpa.com/)

[retiredguy123]

Considering the big move to The Villages but need help with understanding approximate annual costs for property taxes (and bond) and homeowners insurance policies for a $250k home in TV. Can anyone please advise on this? Thanks so much!!
The items you mentioned will vary quite a bit depending on whether you buy a newer vs an older house and the county where you buy, and if the house is in a city, like Fruitland Park or Wildwood. Newer houses will have higher taxes and bonds, but lower insurance rates. For a newer house in Lake County, Fruitland Park, the taxes and bond payments for a $250K house are about $3,800 per year. The insurance is about $1,000. But, similar older houses in Sumter County, may have taxes of less than $1,500, with no bond.

[kp11364]

Do homeowner policies in TV offer "full replacement value" coverage? I'm in NYC and planning a move to TV. I also have Chubb (HUB International) up here ... is that insurer available in TV as well?

[retiredguy123]

Do homeowner policies in TV offer "full replacement value" coverage? I'm in NYC and planning a move to TV. I also have Chubb (HUB International) up here ... is that insurer available in TV as well?
Replacement value insurance is pretty standard in Florida. And, yes, Chubb insurance is available.

[Papa_lecki]

Taxes also vary based on homestead exemption or not

[Garywt]

We bought 2 years ago at $215 and it is worth $254 now. Insurance was under $700 but is up to about $850 now. Taxes were $4800 this past year which included our bond. Our escrow with out mortgage takes care of all 3 for us.