2021 TRIM Notice

[EdFNJ]

Got it today ... seems earlier than usual.

Assessed value up about 2% and taxes down ~$30bucks from last year.

[billethkid]

Our taxes down from previous year.

Cost of living over previous year continues up for most needs!

[retiredguy123]

Got it today ... seems earlier than usual.

Assessed value up about 2% and taxes down ~$30bucks from last year.
It may seem earlier, but it came between August 19 and August 21 for the past 4 years.

[Altavia]

It's down because home sale prices are up. Expect an even larger decrease next year with the massive increase in sales priced.

A recently purchased home may soon pay more than double the taxes compared to the same home purchased 10 years ago.

[Debfrommaine]

I'm having a senior moment.......on my TRIM notice if I add up the totals of the ad-valarem, bond and maintenance......is this the total my tax bill should be? Thanks.

[rjm1cc]

Look for "Total Proposed Taxes and Assessments" at the bottom left of the notice. Will show last year and est this year.

[retiredguy123]

I'm having a senior moment.......on my TRIM notice if I add up the totals of the ad-valarem, bond and maintenance......is this the total my tax bill should be? Thanks.
The ad-valorem section items are called "taxes" and the non-ad-valorem section items are called "assessments". If you add those two numbers, you will get the total amount you will owe in November. Also, that assumes that the proposed increases from last year's rates are approved in September.

[retiredguy123]

Look for "Total Proposed Taxes and Assessments" at the bottom left of the notice. Will show last year and est this year.
I don't think Lake County has that format. You need to add the total taxes and total assessments yourself.

[Debfrommaine]

Look for "Total Proposed Taxes and Assessments" at the bottom left of the notice. Will show last year and est this year.

Thanks so much; I went online and looked. Appreciate everyones help!

[kappy]

The very minor tax reduction you see in the TRIM notice should be much bigger. There are many revenue items not even considered in the budget. If you look at the minutes and listen to the July 13, 2021 budget meeting, you’ll see that there was no consideration for the new internet sales tax revenue estimated to be 229.5 million dollars for Florida this year. No revenue for the 25 million dollar Federal grant to Sumter County was estimated. Even the receipts from the sales of new homes are underestimated. If even half of the missing revenues were included in the current budget, our tax reduction for the County portion would be more like 10%.

[DAVES]

Our taxes down from previous year.

Cost of living over previous year continues up for most needs!

CPI consumer price index is now 5.5% up. Only surprise is that taxes went down. A pleasant surprise.

[DAVES]

The very minor tax reduction you see in the TRIM notice should be much bigger. There are many revenue items not even considered in the budget. If you look at the minutes and listen to the July 13, 2021 budget meeting, you’ll see that there was no consideration for the new internet sales tax revenue estimated to be 229.5 million dollars for Florida this year. No revenue for the 25 million dollar Federal grant to Sumter County was estimated. Even the receipts from the sales of new homes are underestimated. If even half of the missing revenues were included in the current budget, our tax reduction for the County portion would be more like 10%.

My view re: taxes. If, they wanted you/us to figure it out it would be far simpler A 25 million dollar federal grant to Sumter county. I/we pay Federal tax as well. In plainspeak, they take it out of my left pocket, take 10% for the bookkeeping and put some back into my right pocket.

[EdFNJ]

AFAIAC they could raise my taxes 10% every year and I'd be pushing up daisies before it catches up to what I paid up north!

[kappy]

AFAIAC they could raise my taxes 10% every year and I'd be pushing up daisies before it catches up to what I paid up north!How is that relative?

[M2inOR]

Looked ours up online. 2021 estimate for taxes is lower by about $70, too.

We are Sumter County, in Village of Marsh Bend.

As to the other comment about taxes... In our Oregon home of nearly 40 years, taxes never went down, except for the one year I challenged them in the 80s. And overall, the taxes were much, much higher than here when looking at the rate per $1K if assessed value. Oregonians voted for a property tax limitation that limited value
assessments to 3% per year, and the county/state did increase our taxes each year, plus any additional that the voters approved for special assessments and bonds each year.

I can't recall any year they went down, except for when I challenged the value assessment one year.

Overall, my Florida experience has been much better. Tomorrow will be our 2 year anniversary of buying our home here.

[stargirl]

Did anyone else’s “market value” go down? Ours went down $20,000. I don’t see how that could even be possible in this real estate market. (We live in Tall Trees) Assessed value didn’t go down because they took the difference from our save our homes benefit.

[EdFNJ]

Did anyone else’s “market value” go down? Ours went down $20,000. I don’t see how that could even be possible in this real estate market. (We live in Tall Trees) Assessed value didn’t go down because they took the difference from our save our homes benefit. Are you sure you aren't accidentally looking at market value vs. assessed value?

[EdFNJ]

how is that relative? lol ... welcome to the internet.

[stargirl]

Are you sure you aren't accidentally looking at market value vs. assessed value?

No I’m not “accidentally” looking at market value vs assessed value. Back to my original question, has anyone else’s market value gone down?

[Bill14564]

Did anyone else’s “market value” go down? Ours went down $20,000. I don’t see how that could even be possible in this real estate market. (We live in Tall Trees) Assessed value didn’t go down because they took the difference from our save our homes benefit.

Ours did also, along with assessed value. Agree, not sure why that happened in this market, but not planning to sell anytime soon so I'll take the tax break.

[DonnaNi4os]

How is that relative?

Having come from NJ where I paid 8K a year for a one bedroom condo plus $325 amenity fee with no pool, gym, or tennis courts, I totally understand what he’s saying. We will be long dead before the taxes and fees would ever catch up with what we paid up north.

[Spalumbos62]

How is that relative?



I think the comment is very relative..especially to that person. There is a saying..."if you don't have something nice to say, then say nothing"....now THAT is relative.

[crash]

Got it today ... seems earlier than usual.

Assessed value up about 2% and taxes down ~$30bucks from last year.

They can only increase your assessed value by 2% each year no matter what your home value really goes up to. When you sell the new owner will get a new assessment to the current value.

[Bill14564]

They can only increase your assessed value by 2% each year no matter what your home value really goes up to. When you sell the new owner will get a new assessment to the current value.

I believe it is 3% or the change in CPI whichever is less. From the Save Our Homes information (https://floridarevenue.com/property/Documents/pt112.pdf) on the Florida Revenue page, the CPI increase was 1.4% as of January (about 2%)

[milling73]

While our property taxes went down $50, our home insurance went up $500.
Neither amount can be justified, or even explained. Random numbers added/subtracted at a whim because they can.

[Velvet]

Looked ours up online. 2021 estimate for taxes is lower by about $70, too.

We are Sumter County, in Village of Marsh Bend.

As to the other comment about taxes... In our Oregon home of nearly 40 years, taxes never went down, except for the one year I challenged them in the 80s. And overall, the taxes were much, much higher than here when looking at the rate per $1K if assessed value. Oregonians voted for a property tax limitation that limited value
assessments to 3% per year, and the county/state did increase our taxes each year, plus any additional that the voters approved for special assessments and bonds each year.

I can't recall any year they went down, except for when I challenged the value assessment one year.

Overall, my Florida experience has been much better. Tomorrow will be our 2 year anniversary of buying our home here.

How did you look it up online? I just get last year’s bill I’m in Sumter county.

[M2inOR]

http://www.sumterpa. com

[Aces4]

Having come from NJ where I paid 8K a year for a one bedroom condo plus $325 amenity fee with no pool, gym, or tennis courts, I totally understand what he’s saying. We will be long dead before the taxes and fees would ever catch up with what we paid up north.

Probably should clarify that statement with: “what we paid in the northeast”.

[DaleDivine]

AFAIAC they could raise my taxes 10% every year and I'd be pushing up daisies before it catches up to what I paid up north!

:mademyday:

[DaleDivine]

No I’m not “accidentally” looking at market value vs assessed value. Back to my original question, has anyone else’s market value gone down?

My Market Value went down a little over $3000...
:shocked::shocked:

[EdFNJ]

While our property taxes went down $50, our home insurance went up $500.
Neither amount can be justified, or even explained. Random numbers added/subtracted at a whim because they can.
Home insurance part is easy to explain. It's due to the rash of <cough> "storm damaged" roofs being replaced all over the place. From what I have seen posted, some folks went up 2x-3x that here.

[EdFNJ]

No I’m not “accidentally” looking at market value vs assessed value. Back to my original question, has anyone else’s market value gone down?
Well excuse me Ms Stargirl. ;) My sincerest apology for replying. Didn't mean to hurt your feelings :(

[asianthree]

Did anyone else’s “market value” go down? Ours went down $20,000. I don’t see how that could even be possible in this real estate market. (We live in Tall Trees) Assessed value didn’t go down because they took the difference from our save our homes benefit.

Three of our homes, market value went up. Fourth home market value went down $280.

[FishnFool]

Did anyone else’s “market value” go down? Ours went down $20,000. I don’t see how that could even be possible in this real estate market. (We live in Tall Trees) Assessed value didn’t go down because they took the difference from our save our homes benefit.

My 2 bed 2 bath ranch went up almost $20,000. Initial conversation with accessor office indicated that should be expected and asked me "What I thought it would sell for"... After explaining that what I thought really isn't relevant to my trim value (I think my house is priceless, location, location, location, but I don't want to be accessed at that, LOL!) they agreed to look in to it. I called back 2 days later and they said I (and other owners of the Austin model) would be getting new trim notices which I did and so did my Austin model neighbors. Instead on going up in value from 2020, mine went down @ $3,000.

I wouldn't be surprised that you and others (my friends have a designer value that went down @ $17,000, it would have been lower than my smaller ranch) are incorrect.

I am glad I pursued my 2021 trim value, but unfortunately I was told my other neighbors value is not my concern and would only address my issue, which I believe is wrong, since it directly impacts the size of the "pie" that my "slice" is from.

FYI, they "assured" me, next year everyones market value will go up, my question is by how much?

[EdFNJ]

FYI, they "assured" me, next year everyones market value will go up, my question is by how much? No more than about 3% if they are full time residents.

[FishnFool]

No more than about 3% if they are full time residents.

There is no cap on the Market Value.