How much property tax in the Villages?
 

My wife and I have been seriously discussing retiring in The Villages in a couple of years. One of the reasons is because the home prices appear to be very reasonable. Recently, I buddy of mine told me that some places in Florida have very high property taxes, to the tune of a few hundred a month. We would be looking at purchasing a home in the $150k to $175k range. Can someone tell me approximately how much our yearly property taxes would be? I would homestead the $50k option I've seen, and I think I can get another $5k drop on the value for being a disabled veteran. Thanks for any help.

you can look back in the search section for exact numbers.. but
depending on the county you buy in and the city you buy in, if I am not mistaken the millage rates are as high as 15% and as low as 11%.

multiply that times the value of the home and there you go, more than likely from $300 a month with or without the bond/maintence , but I have seen numbers as high as $11,000 a year on a select few with pools and views.

Best thing to do is find a area you like and look up the address in the county tax appraiser site. this will tell you what the owners pay in bond, and maintance plus there regular taxes. you can also do a tax estimator on what you as a new home owner will pay, with or without homestead..

Marioncountytaxappraiser...sumtercountytaxappraise r and lakecountytaxappraiser


good luck with your search.

I don’t think you’ll find a home in your price range. Even in the older section because they are being torn down and new homes put up. Maybe but few and far between

There are 21 homes listed in the price range of 150k to 175K on thevillages.com this morning.

You might get a manufactured in the old section--before its torn down

There are 21 homes listed on thevillages.com this morning between 150,000 to 175,000.

The Villages are buying some lower priced manufactured homes, removing them and building moderately priced site built homes in their place.

Here is a link to one of them. The Villages aren't making much money on them so I have to think it is their version of Urban Renewal.

Homefinder - The Villages(R) Homes and Villas for Sale

I think depends on which county you buy in. I think Marion county may be the highest, but sumpter county I think had tax hike last year or two? IMO for that priced home (lots more options and locations for around 190k to 225k) I would expect taxes to be $1400. to $2800. Year on most mid range properties. You also need to look if the properties still have bond pay off. Another hidden expense tha can nickel and dime you.

Taxes didn't get "hiked". Property values went up.

So double wammy for prospect buyer? :popcorn:

There are some people who will find The Villages too expensive.

My taxes have gone down several times in the past 7 years.

IMHO--TV is not for anyone on a SUPER tight budget--its the lifestyle that costs, shows, dining, sports, & keeping up with jones--lawn maintenance, maybe a roof, water heater a/c replacement--these normally happen on a 10-12 year cycle

There are homes in surrounding areas that are much less expensive than The Villages.

YMMV, but typically in Sumter the millage rate gets rolled back if assessed value increases. My Sumter county property tax went down by $10 for 2017 even though the assessed value of the property increased.

Depending on county. Mine have NEVER gone down. IMO the only reason they when down was explosive development which dramatically increases tax base, so they drop it by dime thinking your getting break which they will collect back the next year. Taxes will never go down, just slight drop for awhile.

I am not sure which county you are in but my property taxes (Sumter) have gone down for the last 3 years. Not a lot but they have gone down. Basically, the county has a budget and an inventory of property values. The millage rate is set to generate the required budget when applied to the inventory of property values. The millage rate has been rolled back for the last 4 years - don't know the history before then.

You can get factual tax information at this site.
Sumter County Property Appraiser - Joey Hooten - Bushnell, Florida - 352-569-6800

You didn't say what percentage your disability is or if it's service related. I have 40% service related, so in Sumter County my home's appraised value is reduced by 40%, if you're 100% disabled service related you wouldn't pay any taxes. If it's not service related, then you would just get the $5,000 deduction off the appraised value. You would still have the bond and yearly maintenance on your tax bill. On our CYV the bond was $14,000 so we pay $1100 a year and maintenance is $450.

In your price range, the only stick built or masonry homes you would find for about $150K would be a 1 BR 1 BA or 2 Br 1 BA Patio Villa in one of the northern villages, that's north of 466. In the mobile homes you could find a couple of dozen in your price range. The Villages is in the higher range of prices, had you come here in 2011 like we did, we paid only $157K for a brand new Durham masonry CYV 2 BR 2 BA. Now to find an identical place you would pay about $200K in the very far north area of Mulberry where they are building some new CYV's or about $220K for a resale.

If you're not interested in a mobile home or a small patio villa, I would suggesting looking a couple of miles north on 441/27 at Stonecrest or about 5 miles north of that in Del Webb Spruce Creek. Otherwise I would look in Hernando or Pasco County. That's on the Gulf coast about an hour southwest of here. Either in Timber Pines on US 19 in Spring Hill or at Heritage Pines on County Line Road in Pasco Co just south of Spring Hill.

Stonecrest in Summerfield

Del Webb Spruce Creek Golf & Country Club

Timber Pines Community Association - Timber Pines Community Association Home

Heritage Pines - Home Page

The usual response from most people relocating to FL is their annual tax bill is less than the original homestead.

I did the research. Attached are the details for all three counties.

Summary of 2017 Millage Rates

Sumter
Unincorporated 11.5251
In Wildwood 15.5435

Lake
In Lady Lake 17.2603
In Fruitland Park 17.8504

Marion
Unincorporated 16.0924

The Villages is safer from hurricanes then some of the places you mentioned. I would think twice about anything near a coast.

Some of those estimates are way off!

OP, taxes are only one expense. My humble opinion, do a search on this site for monthly expenses (try the advanced search option), there was an excellent reply that listed most if not all of the monthly expenses.
Hope this helps and good luck with your quest.

We we lived on a boat people used to ask "how much fuel does it cost to run" I used to say "fuel is the cheapest part of the equation"-- a transmission on my stb engine was $16K

The cost of a house in TV is the cheapest part of the equation even without a mortgage

Watch for the next new neighborhood of Patio Villas to come out and see if any are in your price range. Last time they were quite reasonable.

We have a patio villa in what I call sumter/sumter, not sumter/wildwood which is where the new ones are and where the tax base is slightly higher. We pay about $240/month, but that includes RE taxes, plus bond, maintenance, and fire. Those fees all come on one bill yearly in November. Real estate taxes alone (without bond, maintenance, and fire) are about $145/month. Our patio villa is not homesteaded and we have no disability claim.

I hope this information helps.

So if you are 100% service related disabled and the bond is paid off, you only expenses are the utilities? Are there HOA fees?

How much property tax in the Villages?
 

From our own recent purchase (8yr old resale in Amelia) I can assure you that is incorrect. There have even been new homes in Fenney in that range. Obviously it depends on what "size" home one is looking for. We are very pleased with our 2/2 (except for the 1 1/2 car garage). [emoji3].

As for taxes, under $3k including property tax, bond, and all other charges on the bill BEFORE homestead rebate which goes into effect this year. Sure beats the $11k from up north.



---------
My user name should be EdF(formerly from)NJ and glad to be gone. [emoji3]

you also have maintence fees....different in each development, from $350 to over $800 a year for the flowers, trees and upkeep of your neighborhood, as well as the amenities fees of $145 a month, for the pools, golf ect.

in the historic villages there are no maintence fees or bonds, but you still have the $145 a month.

Suggestion
 

From your post, you seem to be in the thinking planing stage.

If, you go to zillow.com and or realitor.com yo will see what can be bought for 150,000 and 170,000 as well as what the taxes are.

We of course do not know your current financial condition, your current expenses etc.

ADVICE-I would ask an accountant rather than a real estate SALES PERSON to advise you.

That is very good guide. The one I use to answer my friends when they ask how much does it cost to live here. As to the specific question of how much are taxes - semantics you will receive back. However if you live anywhere in suburbia without a HOA you are probably comparing real estate taxes to the following. This is just the answer of actual dollar outlay. What you get for the money Vs your old tax bill is another story altogether.

On a $250K house approximately:
$2800/yr prop tax + $2300/yr bond & maintenance fee + $1800/yr amenities fee = $6900/yr.

If you did not "reside" in Florida at the time of your service you can't claim your veterans disability against your real estate taxes in Florida. My late husband was a WWII 100% disabled B24 pilot - couldn't claim.

You can get Homestead deduction if this will
Be your primary residence.

This is still less than we paid on our house up north for taxes alone. Also our home already had the bond paid so we only pay taxes and amenities which we consider quite a bargain.

I agree with you - just trying to answer the OPs original question. As compared to my taxes up north this is a great bargain. The original OP sounds like there is a budget and it is important. Don't want to mislead anyone with the canned tax answer of approx $15-$17 / thousand. There is substantially more to the story when they write that yearly check.

Wrong,
Taxes do go up. If the town Employees get wage increases, medical increases, your taxes will get “hiked”
If the town cannot get the funding for them.

The experience in Sumter notwithstanding ...

Taxes
 

Everybody chimed in on the prices and taxes, answering your questions. However, it’s the lifestyle that your paying for. You can find lower priced properties outside of the villages, but not the same lifestyle. Only you can determine what that is worth to you.

I'm wondering about your response. Reason being, I personally know some TV residents who are 100% disabled vets and who pay no RE taxes. Those I know never resided in Florida until they retired there.

For the poster who asked this question, I would recommend calling and verifying for yourself.

Your disability must be service related. If you rated are 100% service related disabled you pay your bond, but not taxes on your primary residence.

The home may also have a bond that you will have to pay off. The bond keep the cost of the home down. If you have a bond you could have annual maintenance costs in addition to taxes. As you have seen taxes vary by location. Utilities can also vary. Pay attention to how the home is heated. There can also be additional charges on your real estate tax bill for other services. Go to the county tax collector's site to get an idea of what charges you will face. You might want to look at larger communities in Ocala.