My taxes went down 7%

[Sparky25]

I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying😊

[Altavia]

I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying������

The continued investment in country infrastructure has kept taxes low and will continue to minimize future taxes.

Thank the developer for continued investments increasing jobs and value for all homeowners.

[retiredguy123]

I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying������
Please clarify what county you are referring to. Note that there are 3 counties in The Villages: Sumter, Lake, and Marion. My taxes went up 5.7 percent, and my assessment went up by 3 percent. That is in Lake County.

[Bill14564]

The continued investment in country infrastructure has kept taxes low and will continue to minimize future taxes.

Thank the developer for continued investments increasing jobs and value for all homeowners.

The Developer was the cause of the spike in demand for housing that drove values up? The value of the house I sold in Md increased at the same time (good for me) so is the Developer to thank for that too?

The Developer seems to be building as quickly as possible to create a supply of houses to meet the demand. My basic economics lessons told me prices increase when supply is low, not when supply is high. Wouldn't values have increased even more if the Developer had slowed or stopped building?

And really, I believe the continued investment in county infrastructure, needed to support the additional homes being added by the Developer, is what necessitated the 25% increase in taxes a few years ago.

[Bill14564]

Please clarify what county you are referring to. Note that there are 3 counties in The Villages: Sumter, Lake, and Marion. My taxes went up 5.7 percent, even though my assessment went down by 3 percent. That is in Lake County.

It would be Sumter County and a home that qualifies for the Homestead tax credit and 3% Save our Homes cap.

Market value increased something like 30% (YMMV)
Assessed value increase was capped at 3% (due to Save Our Homes limit)
The Sumter County Rollback rate is a reduction of 9.1%
Which means County property taxes would decrease by about 6%
School tax rates and water management tax rates also decreased
Resulting in an overall ad-valorem property tax decrease of about 7%

[dewilson58]

I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.


It's the Developer's fault.

[Laker14]

Are the TRIM notices available online? I tried to find mine in the Sumter Co. site, but had no luck.

[thelegges]

Ours went up. Available online for sumter

[Bill14564]

Are the TRIM notices available online? I tried to find mine in the Sumter Co. site, but had no luck.

Sumter County Tax Collector site then click to search for your house and follow links to the property appraiser info

[Altavia]

The Developer was the cause of the spike in demand for housing that drove values up? The value of the house I sold in Md increased at the same time (good for me) so is the Developer to thank for that too?

The Developer seems to be building as quickly as possible to create a supply of houses to meet the demand. My basic economics lessons told me prices increase when supply is low, not when supply is high. Wouldn't values have increased even more if the Developer had slowed or stopped building?

And really, I believe the continued investment in county infrastructure, needed to support the additional homes being added by the Developer, is what necessitated the 25% increase in taxes a few years ago.

The additional revenue comes from adding over two billion dollars a year in new home taxable restate and is largely responsible for keeping taxes low.

[Toymeister]

The INCREASE of taxes in Sumter county of 25% by the developer's backed commissioners was scaled back with more new homes coming into the tax base.

To say that there was a decrease in taxes is similar to saying you have lower gasoline expenditures. True measured against last month but false measured against last year which is a rational comparison.

[golfing eagles]

I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying😊

A naive and simplistic view at best. More development leads to more impact fees, so who pays them??? The ridiculous view is that "the developer" should pay them. They will NEVER pay them, they would simply be passed on in the cost of a new home. So the real issue is: Should just new homebuyers in TV bear the cost of impact fees, or Sumter County taxpayers in general?

If you live in Sumter Co. outside TV, of course you would want the cost to be paid by new home sales in TV-----even though they reap the benefit of improved infrastructure, more jobs, more retail and restaurant opportunities, etc.

If you live in a newly developed are of TV, of course you want the general public to bear the cost

If you already live in TV in an existing home, it doesn't really impact you much

And remember, all that new commercial space contributes to the tax base.

[Rainger99]

The TRIM notice is on the Sumter County Property Appraiser's site - not the Tax Collector's website.

This is the link.

D_SearchResults (https://app.sumterpa.com/gis/D_SearchForm.html)

Once you click on it, type your name in the Owner's name box at the top.
The click on run search in the lower right hand corner.

That should bring up your name and parcel ID.

Then click on the parcel ID and it should bring up information for your property. The TRIM notice is in the upper right corner (says 2022 TRIM (pdf). Click on that and you should have your taxes.

[laboutj]

I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying😊

Congrats. I'm in Sumter County and looked at my TRIM notice and I'm up 10%

[MrFlorida]

Who Hoo ! Now we have more money to buy gas !!!

[RPDaly]

----

[MrFlorida]

Yes, you have to live in the house from January to December to get the next years exemption.

[Tom53]

And District 10 can add an additional $209.79 to their savings from the reduction of the Bond interest rate!

[Normal]

Our Sumter tax bill goes up about 1% if the proposed changes are made in Sumter county.

[kkingston57]

I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying😊

Did you do something like file for a homestead exemption this past year? If you did this would be the answer as it lowers your taxable value by $50,000.

[Bogie Shooter]

Sumter County
No changes
Bottom Line 2022 Trim Notice
Total Ad-Valorem Property Taxes
Down 7%

[golfing eagles]

Sumter County
No changes
Bottom Line 2022 Trim Notice
Total Ad-Valorem Property Taxes
Down 7%

just got mine today also-----assessment went up by $278,000 but taxes down $338

[Bogie Shooter]

just got mine today also-----assessment went up by $278,000 but taxes down $338

Wow, $278m that's a bunch!

[golfing eagles]

Wow, $278m that's a bunch!

$278K, not M

[Rainger99]

just got mine today also-----assessment went up by $278,000 but taxes down $338

I thought taxes were capped at 3% a year.

In 1994 the State of Florida established a 3% Save Our Homes Cap (SOH) assessment limit on all residential properties that receive a homestead exemption. The 3% SOH Cap limits any increase to the assessed value of a homestead exempt property for tax purposes to a maximum of 3% each year or the amount of the change in the Consumer Price Index, whichever is lower.

[JRP2TV]

Never mind. Had a brain fart.

[dewilson58]

just got mine today also-----assessment went up by $278,000 but taxes down $338

May want to double check your trim.

:1rotfl::1rotfl:

It's all public record.

:pepper2:

[retiredguy123]

What does the Maintenance Assessment Fee on the back of the tax bill cover again? It's separate from the bond and the fire fee.
The maintenance assessment covers the cost to maintain and repair the infrastructure that was initially constructed with the bond money. The bond only covers the initial construction cost.

[Bogie Shooter]

$278K, not M

Duh!
Right.

[Bogie Shooter]

Never mind. Had a brain fart.

Brain fart cure……

From the Sumter county tax collector web site.

The Villages Special Assessments
(352) 751-3900 Residential Bond Assessment Information
The Village District Office maintains all information
The Village District Office will provide Bond Payoff Inquires, Interest Rates, and Amortization Schedules.
The infrastructure of the The Villages District was built using Tax-Exempt Municipal Bonds. The Bonds are repaid with funds collected on the annual tax bill. The Maintenance Assessments are also billed on the annual tax bill to cover the maintenance and replacement of the infrastructure that was purchased with the Bonds.
The Board of Supervisors set the Maintenance Assessments, through Budget workshops each year by reviewing the operational needs of the Districts. The Maintenance Assessments are used to cover the cost of items, such as landscaping, deed compliance, road maintenance, wetlands and preserves, water retention areas, storm/gutter facilities, rights-of-way, transportation paths, walls, fences, utilities, insurance, etc. along with setting aside reserve funds for future projects.
In the Non Ad Valorem section of you tax bill you will find the Municipal Bond Assessment (Indicated with a “B”) and the Maintenance Assessment (indicated with an “A”).

[ton80]

just got mine today also-----assessment went up by $278,000 but taxes down $338

Refer to Note #5 by Bill4564 who provides clear definitions.

IMHO GE is confusing market value with assessed value. IMHO GE sees a Market Value increase of 278,000$ but that is not used for the tax calculation. Assessed value is what is used for tax calc. Tax assessment is protected by the Save Our home benefit of 3% or less tax assessment increase. If you check TRIM notice carefully you should see only a 3% increase in Assessed Value from 2021 to0 2022. This should be much less than the market value increase.

The TRIM sheet has an entry on Page 2 for Assessed Value Reduction. This includes Homestead Reduction of 25 or 50,000$. The Save ou Homes Benefit is much larger and more important to minimize our taxes.

The tax savings come from the reduction in tax rate from 2021 because the total assessed value increase was very large. When the county calcs the tax rate to fund their budget they are proposing a tax rate reduction of some 9% that yields the money that funds their 2023 budget.

So Arithmetic: 2021 Assessed value x 1.03 x .91 should show a 2022 tax of 2021 Tax x .9373.
This is for the county property tax. If you are so inclined you could the same for the other advalorem and non advalorem taxes...but this is complex because they are not consistent.

Hopefully this makes some sense to you

[golfing eagles]

Refer to Note #5 by Bill4564 who provides clear definitions.

IMHO GE is confusing market value with assessed value. IMHO GE sees a Market Value increase of 278,000$ but that is not used for the tax calculation. Assessed value is what is used for tax calc. Tax assessment is protected by the Save Our home benefit of 3% or less tax assessment increase. If you check TRIM notice carefully you should see only a 3% increase in Assessed Value from 2021 to0 2022. This should be much less than the market value increase.

The TRIM sheet has an entry on Page 2 for Assessed Value Reduction. This includes Homestead Reduction of 25 or 50,000$. The Save ou Homes Benefit is much larger and more important to minimize our taxes.

The tax savings come from the reduction in tax rate from 2021 because the total assessed value increase was very large. When the county calcs the tax rate to fund their budget they are proposing a tax rate reduction of some 9% that yields the money that funds their 2023 budget.

So Arithmetic: 2021 Assessed value x 1.03 x .91 should show a 2022 tax of 2021 Tax x .9373.
This is for the county property tax. If you are so inclined you could the same for the other advalorem and non advalorem taxes...but this is complex because they are not consistent.

Hopefully this makes some sense to you

Thank you----I was looking at the market value box----I had no idea that Florida would put a "market value" on a tax notice---since it has nothing to do with taxes. Assessed value only went up 23K.

[melpetezrinski]

I'm in Sumter County and the market value increased 28.25%, assessed value increased 3% (cap) and taxes decreased 6.7%.

[rsmurano]

The Developer was the cause of the spike in demand for housing that drove values up? The value of the house I sold in Md increased at the same time (good for me) so is the Developer to thank for that too?

The Developer seems to be building as quickly as possible to create a supply of houses to meet the demand. My basic economics lessons told me prices increase when supply is low, not when supply is high. Wouldn't values have increased even more if the Developer had slowed or stopped building?

And really, I believe the continued investment in county infrastructure, needed to support the additional homes being added by the Developer, is what necessitated the 25% increase in taxes a few years ago.

You missed a class, supply is only part of it, the other important part of economics is demand. The developer can’t force somebody to leave another state and buy here. The developer here has created an environment that people from all over the country want to get into which is causing high demand for housing and right now, the developer is building all these new homes to meet this demand.
If there was no demand but a large supply, you would see home prices going down.

[Remembergoldenrule]

My taxes went up by $1,800. Plus the bond plus increase recreation fee of $30 a month.

[Laker14]

My taxes went up by $1,800. Plus the bond plus increase recreation fee of $30 a month.

when did you buy? Do you have the Homestead exemptions and "save our homes" limit on assessment increases?

[golfing eagles]

My taxes went up by $1,800. Plus the bond plus increase recreation fee of $30 a month.

Seems highly unlikely. Are you a new owner of a new home, in which case your previous tax/assessment may have been based on the vacant, undeveloped land your home is on. Then, the following year, the house is assessed. This happened to all of us that bought new.

[Luggage]

Ha ha ha , it's just like gasoline when prices go way up and then it goes down just a little bit you think you're getting a bargain, taxes went up 25% the other year so if it goes down 7%, now you think it's still you're doing well. Government continues to steal millions and millions in Sumter county that they don't really need and you shouldn't be paying.

[Travelhunter123]

It would be Sumter County and a home that qualifies for the Homestead tax credit and 3% Save our Homes cap.

Market value increased something like 30% (YMMV)
Assessed value increase was capped at 3% (due to Save Our Homes limit)
The Sumter County Rollback rate is a reduction of 9.1%
Which means County property taxes would decrease by about 6%
School tax rates and water management tax rates also decreased
Resulting in an overall ad-valorem property tax decrease of about 7%

Interesting, my bottom line tax’s went up by a few dollars in Sumter county

[Bill14564]

You missed a class, supply is only part of it, the other important part of economics is demand. The developer can’t force somebody to leave another state and buy here. The developer here has created an environment that people from all over the country want to get into which is causing high demand for housing and right now, the developer is building all these new homes to meet this demand.
If there was no demand but a large supply, you would see home prices going down.

The point I was trying to make was that demand was up throughout the country, not just here in northeast Sumter County.

In a normal year, the value of my home increases due to the demand for homes in this area which is, of course, primarily due to what the Villages is.... people want to live here. But, the increase is also due to a limited supply in the area - there are only so many houses to buy. The Developer building as fast as he can works against this pressure on home prices. If he was able to turn out 1,000 homes per month the market would be saturated and prices would stagnate or fall. His continued building does not increase the value in my home.

So yes, value increases as demand increases and the Villages is always in demand. But, price decreases as supply increases and the Developer increasing supply as quickly as possible slows the price increase. This year, with such an overwhelming demand, the effect of increased inventory is negligible. That may not continue to be the case in the future and one day the value of pre-owned homes may suffer due to a large inventory of new homes.

[Bill14564]

Interesting, my bottom line tax’s went up by a few dollars in Sumter county

The primary reason my taxes went down was the Save Our Homes cap on the assessment increase for homes with a Homestead exemption.

If you recently bought your home then its value will adjust to the Full Market Value and your taxes will increase.

If you don't have the Homestead exemption then the 3% cap does not apply. There should be a 10% cap on assessment increases for these homes (https://forst.tax/florida-non-homestead-taxes/). With a 9.1% decrease in the tax rate, this could result in your Sumter County property taxes increasing by about 1%

There is a good discussion of this here (https://forst.tax/florida-save-our-homes-benefit-everything-you-need-to-know/).


NOTE: IANAL or tax professional or real estate professional. I just spend too much time reading information available online.

[Rainger99]

The primary reason my taxes went down was the Save Our Homes cap on the assessment increase for homes with a Homestead exemption.

Quick question on the SOH cap. As I understand it, that only applies to assessed value of the home but the tax rate has no cap on it. So even though my assessed value only goes up 3% - my taxes could go up 50% (in theory). Is that correct?

[jarodrig]

Folks complain when their taxes go up….

Folks complain when their taxes go down (but not enough!)

Simply UNBELIEVABLE !!!!

[Bill14564]

Quick question on the SOH cap. As I understand it, that only applies to assessed value of the home but the tax rate has no cap on it. So even though my assessed value only goes up 3% - my taxes could go up 50% (in theory). Is that correct?

Correct. The 2019 rate increase was an example of that.

[Laker14]

Seems highly unlikely. Are you a new owner of a new home, in which case your previous tax/assessment may have been based on the vacant, undeveloped land your home is on. Then, the following year, the house is assessed. This happened to all of us that bought new.

The primary reason my taxes went down was the Save Our Homes cap on the assessment increase for homes with a Homestead exemption.

If you recently bought your home then its value will adjust to the Full Market Value and your taxes will increase.

If you don't have the Homestead exemption then the 3% cap does not apply. There should be a 10% cap on assessment increases for these homes (https://forst.tax/florida-non-homestead-taxes/). With a 9.1% decrease in the tax rate, this could result in your Sumter County property taxes increasing by about 1%

There is a good discussion of this here (https://forst.tax/florida-save-our-homes-benefit-everything-you-need-to-know/).


NOTE: IANAL or tax professional or real estate professional. I just spend too much time reading information available online.

We bought a pre-owned home, closed in Feb. '21. My tax bill that I received last November was based upon the previous owner's assessment value which had been controlled by her SOH assessment. I was surprised (happily surprised), but I figured out what was going on.

I am homesteaded, which reduced my taxable assessment, but of course, the house was re-assessed, reflecting the more current valuation. Going forward, I will get the benefit of the limited amount the taxable assessment can go up each year.
So yeah, my taxes went up about 40%...which was just about exactly what I anticipated it would go up.
My only surprise was getting that one year cheaper than I realized I would.
I felt rich there for a while.
It was grand.

[JMEZARIC3]

The tax on my Patio Villa in Lynnhaven went up $102 . County tax went down a few cents but the school tax went up.Lynnhaven does not have municipality tax . The increased was due to assessed value . County up $1500 school up $50,000 . We are snowbirds and not Fla homesteader .
I learned about the Save Our Home law today so a resident transfer to Fla maybe in order.
Before I knew about the Save Our Home , homesteader in Fla vs Pennsylvania was a wash . The Fla homestead savings vs Pa homesteading were offset by an increase costs of insurance for two autos.
Will rework my figures about Fla homesteading .
You can learned many things on TOTV .

[Kenswing]

Quick question on the SOH cap. As I understand it, that only applies to assessed value of the home but the tax rate has no cap on it. So even though my assessed value only goes up 3% - my taxes could go up 50% (in theory). Is that correct?
This makes things a little clearer.

Save Our Homes (https://www.pcpao.org/SOH.html)

[Mrs.Guy]

:BigApplause:

Sounds like you did your homework and some research..... I'm afraid NOT everyone does. :thumbup:

If anyone is interested - Our 2022 Total Tax Bill will be approx. $340 less than we paid in 2006. Sumter Co. Property Tax portion just over $100 of that with the rest being around $200+ less in School Taxes. How many places in the U.S. can say that? We have been here full time since 2004 but CWGuy is too lazy to look up the figures from then. He just uses the figures Home - Sumter County Property Appraiser : Sumter County Property Appraiser (https://www.sumterpa.com/) which goes back to 2006.

MEANT TO QUOTE LAKER14 ..... Sorry, new at this!

[Bogie Shooter]

:BigApplause:

Sounds like you did your homework and some research..... I'm afraid NOT everyone does. :thumbup:

If anyone is interested - Our 2022 Total Tax Bill will be approx. $340 less than we paid in 2006. Sumter Co. Property Tax portion just over $100 of that with the rest being around $200+ less in School Taxes. How many places in the U.S. can say that? We have been here full time since 2004 but CWGuy is too lazy to look up the figures from then. He just uses the figures Home - Sumter County Property Appraiser : Sumter County Property Appraiser (https://www.sumterpa.com/) which goes back to 2006.

MEANT TO QUOTE LAKER14 ..... Sorry, new at this!

It’s tough being green.🤷🏼

[Byte1]

I received my notice yesterday. The home assessment went up and my taxes went down. Weird! I'm in Sumter Co. Not complaining, just mentioning it.

[golfing eagles]

I received my notice yesterday. The home assessment went up and my taxes went down. Weird! I'm in Sumter Co. Not complaining, just mentioning it.

Not really weird at all. It just means the assessment of the tax base grew quicker than the budget. Now, if we could get the same thing to happen at the federal level..........

[Papa_lecki]

Not really weird at all. It just means the assessment of the tax base grew quicker than the budget. Now, if we could get the same thing to happen at the federal level..........

Not really, it’s good government. The taxable base increased, the budget stayed close to the same, so the tax burden was spread out over more people.
What could have happened is the taxable base increases, spending increases at the same rate on non essential stuff.

[Bill14564]

Not really weird at all. It just means the assessment of the tax base grew quicker than the budget. Now, if we could get the same thing to happen at the federal level..........

Not really, it’s good government. The taxable base increased, the budget stayed close to the same, so the tax burden was spread out over more people.
What could have happened is the taxable base increases, spending increases at the same rate on non essential stuff.

Opinion #3: Both of the above plus.... the size of the tax base increased and it is an election year.

The assessments did go up which means the roll back rate went down. This is neither a tax increase or a tax decrease, it is the rate at which the county collects the same amount from the same homes as they did last year.

The size of the tax base also increased - there are more homes to be taxed. The county isn't living on the same budget they had last year, they are collecting more due to having more homes (and businesses) to collect it from.

There does appear to have been some effort made to keep spending down, or at least under control.

And, this is an election year. We have already seen candidates talking about how they "lowered taxes" when that is not the case at all. The rate being used is the rollback rate which by law is neither a tax increase nor a decrease. The number is smaller but because of increased assessments, the amount the county will collect is the same. Spending was kept under control but that is not too surprising after seeing what happened in the election following the last time rates were raised.

[John Mayes]

Not really weird at all. It just means the assessment of the tax base grew quicker than the budget. Now, if we could get the same thing to happen at the federal level..........

I agree GE but we know it’ll never happen.

[john352]

Are the TRIM notices available online? I tried to find mine in the Sumter Co. site, but had no luck.


[url]https://www.sumterpa.com/record-search (https://www.sumterpa.com/record-search/)

[Rainger99]

I bought last year for about $400,000 but my market value and assessed value is about $300,000!

Not sure how they came up with that number since the “Property Appraiser of Sumter County is charged with placing a fair and equitable market value on every parcel of property both real estate and tangible in our county.”

I think it has probably gone up at least 10% (neighbors have their house on market for about 20% over last year’s purchase price) so I was a bit concerned about taxes (thought my wife might have to get a second job) but this makes the decision to move here even better!

[Weiserj]

Are the TRIM notices available online? I tried to find mine in the Sumter Co. site, but had no luck.

Look in the right hand corner

[kkingston57]

Ha ha ha , it's just like gasoline when prices go way up and then it goes down just a little bit you think you're getting a bargain, taxes went up 25% the other year so if it goes down 7%, now you think it's still you're doing well. Government continues to steal millions and millions in Sumter county that they don't really need and you shouldn't be paying.

Would not complain about prop taxes in Sumter. One of the lowest, if not the lowest, in Florida.

We do live in the NE Corner of Sumter county and our roads are 25 years old. Hope you are not correct as our roads are getting to the point where in they need to be re surfaced.

[kkingston57]

Folks complain when their taxes go up….

Folks complain when their taxes go down (but not enough!)

Simply UNBELIEVABLE !!!!

Agree. And when they need something like road resurfacing they complain also

[Mohawksin]

The INCREASE of taxes in Sumter county of 25% by the developer's backed commissioners was scaled back with more new homes coming into the tax base.

To say that there was a decrease in taxes is similar to saying you have lower gasoline expenditures. True measured against last month but false measured against last year which is a rational comparison.

When it occurred, 25% was mathematically correct.

[Catalina36]

I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying😊

I received my Trim Notice for 2022. I received a 0.84 cent reduction in annual taxes????
I am wondering if there is anyone else who did not receive a reduction in their taxes??
For information, my taxes also went up in 2021???

[Mrfriendly]

Congrats, I'm in Sumter and my taxes increased 9.6% with no improvements to property.

[lisaschroder21@gmail.com]

Happened to my husband and I as well! Very happy! 😃
Just saying…😉😊

[dewilson58]

Congrats, I'm in Sumter and my taxes increased 9.6% with no improvements to property.

Share your Trim or post your address...................a friend would love to see the support.

[Bogie Shooter]

I received my Trim Notice for 2022. I received a 0.84 cent reduction in annual taxes????
I am wondering if there is anyone else who did not receive a reduction in their taxes??
For information, my taxes also went up in 2021???

Isn’t there a numbers on the notice to call with questions?

[laboutj]

Share your Trim or post your address...................a friend would love to see the support.

Mine went up about the same percentage (9.6). Related to the homestead exemption that was in place from the previous owner dropping off. We declared residency so the taxes should go back down next year.

[tophcfa]

We are in Sumter County and our taxes went up 3.41%.

[Laker14]

Congrats, I'm in Sumter and my taxes increased 9.6% with no improvements to property.

When did you buy?
New construction or pre-owned?
Are you homesteaded?

If pre-owned, did previous owner enjoy the benefits of a few years of homestead tax treatment ?

[CoachKandSportsguy]

Our taxes up, in sumter county, however, the house is considered a commercial property, so all the residential limits are working as desired. Be sure to sign up for your home stead exemption :pepper2:

[Rainger99]

How does Sumter compare to Lake or Marion?

My house was appraised at about $300,000 and I am paying about $3500.

Also, I live in Wildwood. Is the school tax for Wildwood schools? How are the villages schools paid for?

[RiderOnTheStorm]

I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying😊

Help!!!
My wife and I recently bought into TV in late-2021 and are in the process of becoming Florida citizens. However, because we did not have time to apply for Homestead protection late last year, the assessed valuation of our home was increased by 34%, rather than the 3% cap provided by Homestead protection. The Tax Assessor seemed to take advantage of this brief lack of coverage in late-2021 to sock it to us.
Is anyone aware of any options we might have to contest this huge increase?
Thanks in advance for your thoughts.

[Bill14564]

Help!!!
My wife and I recently bought into TV in late-2021 and are in the process of becoming Florida citizens. However, because we did not have time to apply for Homestead protection late last year, the assessed valuation of our home was increased by 34%, rather than the 3% cap provided by Homestead protection. The Tax Assessor seemed to take advantage of this brief lack of coverage in late-2021 to sock it to us.
Is anyone aware of any options we might have to contest this huge increase?
Thanks in advance for your thoughts.

You weren't taken advantage of. When a home changes hands the assessed value will change to the current market value. The previous owner benefited from the discounts but the new owner starts fresh. That's the way it has worked in all the states I have lived in.

Now that the initial adjustment has been made, future assessment increases should be limited to the lower of 10%, 3% (if homestead exemption applies), or the Consumer Price Index.

[Mrfriendly]

When did you buy?
New construction or pre-owned?
Are you homesteaded?

If pre-owned, did previous owner enjoy the benefits of a few years of homestead tax treatment ?

Bought Pre-owned May 2021 in Village of Hadley. Not homesteaded. Tax rate decreased 9% and Property Assessed Value went up 19.3%

[Packer Fan]

The primary reason my taxes went down was the Save Our Homes cap on the assessment increase for homes with a Homestead exemption.

If you recently bought your home then its value will adjust to the Full Market Value and your taxes will increase.

If you don't have the Homestead exemption then the 3% cap does not apply. There should be a 10% cap on assessment increases for these homes (https://forst.tax/florida-non-homestead-taxes/). With a 9.1% decrease in the tax rate, this could result in your Sumter County property taxes increasing by about 1%

There is a good discussion of this here (https://forst.tax/florida-save-our-homes-benefit-everything-you-need-to-know/).


NOTE: IANAL or tax professional or real estate professional. I just spend too much time reading information available online.


Very True. The taxes on both my Rental properties went up as you said. Luckily, it looks like rents are going up also. You guys be happy with your homestead exemption, it is worth a lot.

[EdFNJ]

I am saving $85! Now I can retire again!

[Bill14564]

Bought Pre-owned May 2021 in Village of Hadley. Not homesteaded. Tax rate decreased 9% and Property Assessed Value went up 19.3%

Your taxes in October 2021 were based on the previous owner's assessment and exemptions.

As a new owner, your first full year taxes will be based on the true market value of the home and not limited at all by any previous exemptions. Unfortunately for you, there was (is?) a hot market for homes and the value of yours increased 19.3% in your first year.

This year: 19.3% (increase in assessment) - 9.1% (tax rate decrease) - ( a little in school taxes) = 9.6%

Next year the increase in assessment will be the lesser of 10% or the increase in the CPI.

[Laker14]

Bought Pre-owned May 2021 in Village of Hadley. Not homesteaded. Tax rate decreased 9% and Property Assessed Value went up 19.3%

Pretty much my experience. I closed in Feb.'21...last year was my first TRIM notice and taxes were based upon the valuations and homestead status of previous owner. Unfortunately for me, that all went bye-bye in '22.
Time to reset the clock.
I was not surprised. I had done some of my homework (which was a lot more than I did when I was in Catholic grade school, as Sister Mary Gabriel would confirm), so I was prepared for the bite. Still hurt, but at least I knew it was coming.

[Spartan86]

Help!!!
My wife and I recently bought into TV in late-2021 and are in the process of becoming Florida citizens. However, because we did not have time to apply for Homestead protection late last year, the assessed valuation of our home was increased by 34%, rather than the 3% cap provided by Homestead protection. The Tax Assessor seemed to take advantage of this brief lack of coverage in late-2021 to sock it to us.
Is anyone aware of any options we might have to contest this huge increase?
Thanks in advance for your thoughts.

We closed on a pre owned home 6/14/22 and see the same adjustment to our TRIM which is to say a big jump (60% in assessed value). Our seller’s benefited their first tax year (‘21) from the original owner’s lower assessment and homestead exemption. For ‘22 it’s our seller’s purchase price and no homestead exemption - I’m assuming they didn’t apply as they closed 03-‘21. We are seeing the jump too as our closing assumed current taxes, so not surprised but the magnitude is pretty steep. We should have homestead in place for ‘23 but we paid more as well so are expecting our market value to increase also.

[NoMo50]

Help!!!
My wife and I recently bought into TV in late-2021 and are in the process of becoming Florida citizens. However, because we did not have time to apply for Homestead protection late last year, the assessed valuation of our home was increased by 34%, rather than the 3% cap provided by Homestead protection. The Tax Assessor seemed to take advantage of this brief lack of coverage in late-2021 to sock it to us.
Is anyone aware of any options we might have to contest this huge increase?
Thanks in advance for your thoughts.

The 3% cap on increased assessment valuation comes from the Save Our Homes (SOH) act. In order for the SOH to apply, the homeowner must have the Homestead provision in place. The SOH does not kick in until the 2nd year of having the Homestead protection.

In your case, you were not taken advantage of. The Assessor is merely following the law (which they do not write). It is ALWAYS better to apply for the Homestead exemption earlier, rather than later...if you qualify. That way, you at least get the clock ticking in your favor.