Tax millage rates

[noleguy]

Looking to make a move to the Villages in the not too distant future and curious to what the property and school tax millage rates are. Thanks for any info that can be provided.

[Talk Host]

I believe it varies by county. The villages encompasses three counties, Lake, Sumter and Marion. It depends on which county you choose to live.

[REDCART]

I happen to have my last tax bill handy (12/2006) which might be helpful to answer your question. We're in Sumter County which is where all the new development in the Villages is right now.

My tax statement shows a total Millage rate of 14.9660. On a $127K assessment, this translates to $1,901.27 "ad valorem taxes." On top of that there's the "non-ad valorem" assessments totaling $1,084.97. Bottom line for a villa assessed at $127K the annual tax is $2.986. We bought this villa in 12/2005 for $160 and similar villas have recently sold for around $210 today.

Have no idea how the tax rate compared with the other two counties, Marion and Lake. We've heard Marion County has the highest taxes of the three.

[sweetana3]

WOW. Florida has high real estate taxes. Guess the real estate cannot get up and move away. We pay less than 1/2 that but we do have income tax. I will have to compare the two states and lump all the taxes.

Are school taxes included? The reason I ask is that my parents pay separate school and county taxes and they are billed separately.

[REDCART]

We were told as a rule of thumb to expect our real estate tax bill in Florida to be about 2 percent of the purchase price. So we were not shocked by the tax bill. We're also from New York where we pay high taxes as a way of life. One last point, I'm not sure but I wonder if the "non-ad valorem" portion on the tax bill refers to the bond, or if it's just for miscellaneous assessments, like the fire dept. Maybe someone else could enlighten us on what included in the "non-ad valorem" portion of the tax bill.

[noleguy]

I want to thank you for the info on the property taxes and I was also wondering if the "non ad valorem" portion was the bond portion.