Talk of The Villages Florida - Help make Sumter County Property Market Value for Seniors Public!!

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Help make Sumter County Property Market Value for Seniors Public!!

Quote:

Originally Posted by Carol Fiore (Post 2218721)

The Sumter County Property Appraiser (SCPA) uses The Villages home model to calculate the appraisal price for homes only in The Villages. It took me 2 years and 2 Value Adjustment Board (VAB) hearings to get this information from SCPA.
SCPA appraisal pricing based on home model:
1. SCPA does not work with Villages builders, so they don’t have all the models. SCPA are arbitrarily coding higher price Village home models into their standard model code thereby causing your taxes to be higher.
2. SCPA stated the DH72 models are better quality than the DH71 models. The Village Builder sales supervisor said this is NOT TRUE. The Villages use the same material in each model.
3. They hide this data from Village Residents. Outside of homes in The Villages, SCPA allows a standard sq. ft. rate appropriate for their neighborhood. All their neighborhoods get the same sq. ft. price.
4. Resale of home. The Village salespeople and outside realtors do not use your home model to list your sales price. They use the recent sales data for that area.
5. At my 2020 VAB hearing, the Magistrate stated, “I would suggest SPCA revisit the coding of the home in order that the property is valued equitably in comparison with similar properties in the immediate area.” SCPA did not follow the Magistrates advice.

I need your help to make SCPA MODEL information public with each DH code! Please email the SCPA supervisor James.Stephens@sumtercountyfl.gov. Please copy Don Wiley at don.wiley@sumtercountyfl.gov (Don is the chairman of the Sumter County Value Assessment Board (VAB)). Please request the following:
1. Please make the model codes, models in each code and property record card public information.
2. Please email me the property record cards for my entire block and the models in all the DH codes.

After you get your property record card look at Building Valuation – BASE RATE for your home and compare it to your neighbors. If you have a different BASE RATE from your neighbors, you should consider filing a VAB.
VAB (Value adjustment board) – it costs $15 to file. In the last hearing the magistrate said he would consider PREJUDICE against our class (Seniors). You can privately message me, and we can form a group to file VAB paperwork. I have the report for all DH codes. I only have the details on the Southern Oaks that list the models in each code. See attached picture.

The sales person makes a recommendation of what they think your sales price should be, and a good one will take into consideration what model the house is. Certain models are more desirable and thereby more valuable. It is the seller who actually decides how much they want to list the house for. Anyway list price should have nothing to do with real estate assessment. It should always what the house sold for.

Quote:

Originally Posted by Carol Fiore (Post 2218721)

What a bunch of nonsense. Valuations for real estate taxes are an imperfect system, based on reasonable assumptions about homes, neighborhoods & selling prices. It doesn't matter what "Model" your home is or that you spent an extra $5000 to get upgraded floors and your home is worth more than a neighbor's. All that baloney, is just "sales talk" and means nothing much in real life.

I have a team that does Tax Abatement work for a large commercial portfolio, with a few pieces of residential real estate in the mix. Unless a home is mis-valued by 10% or more, it's hardly worth the aggravation to bother with it ... in 25 years, I've only seen that happen once.

Just pay your real estate taxes and don't waste your time, trying to save $200. Its more aggravation than it's worth.

Like i care what my house is worth. It is most likely your last home. But i guess people still live in a world that is 40 years old

They can be off by 15 percent and it considered fair. appeal if unhappy. That’s your remedy. End of story

The system of taxation is well established law. Good luck in overturning centuries of precedent.

Perhaps you should consult with an expert in real estate taxation before expending energy on this quest. This is like pushing a boulder up a mountain,

Tax Estimator - Sumter County Property Appraiser

Quote:

Originally Posted by BrianL99 (Post 2218808)

What a bunch of nonsense. Valuations for taxes is an imperfect system, based on reasonable assumptions about homes, neighborhoods & selling prices. I doesn't matter what "Model" your home is or that you spent an extra $5000 to get upgraded floors and your home is worth more than a neighbors. All that baloney, is just "sales talk" and means nothing much in real life.

I have a team that does Tax Abatement work for commercial portfolio, with a few pieces of residential real estate in the mix. Unless a home is mis-valued by 10% or more, it's hardly worth the aggravation to bother with it ... & 25 years, I've only seen that happy, once.

Just pay your real estate taxes and don't waste your time, trying to save $200. Its more aggravation that it's worth.

Great and poignant reply.

I trust don wiley to get to the bottom of it all

Quote:

Originally Posted by Carol Fiore (Post 2218721)

“Better quality” can be confusing words. Some homes in The Villages are made with wood or steel studs, some with block walls, and these days some with the Superior wall system of pre-cast concrete—my favorite. There may be a difference in price between these. I don’t know. Some have stucco outside and some vinyl. I prefer stucco, but they are both acceptable quality. Some windows are more expensive than others, but local companies are able to make good quality vinyl clad double pane windows. No problem. But they are all quality, well built. Some houses have more decorative trim. Some have fancier counters or flooring. Some things cost more, and some people equate that with being better quality. Sometimes it is, but sometimes it’s just more expensive. Extra insulation during construction is better quality. Architectural-grade shingles that are less likely to tear off during a hurricane are better quality. Maybe the faucets are usually “construction grade” and much less expensive than upgrades, but properly treated, they will last for years. I would say that all of the houses built here are quality homes. Some are fancier inside and so cost more. I suspect that behind the drywall, though, some aren’t better quality than others. Fortunately, the tax appraiser doesn’t visit your house and raise your taxes because you got an upgraded dish washer or faucet or more decorative counters. It’s passed on square footage of the house and lot, age, building material, number of rooms, and what you paid for it.

Quote:

Originally Posted by Bilyclub (Post 2218744)

List price is what the market is willing to pay for x size home and lot, homesite (view price or no view), age of home, updates, etc and yes the model. And of course the seller must agree to the listing price.

I was a Florida licensed General Appraiser back in the 90's and represented property owners before the Value Adjustment Board in Miami-Dade County. County property appraisers do not have access to the interiors of homes and unless an owner needed to file a permit, the appraiser would not have a record. The initial assessment is based on the cost factor of the improvement (structure) and added to the land value based on the market prices. You could try to argue cost factors with the appraiser but you are fighting a losing battle. Just as one sale does not make a market, a set cost price per square foot can't apply to every home.

As an aside, I remember seeing the results of the last Value Adjustment Board for Sumter and I don't think anyone won an appeal

Quote:

Originally Posted by Carol Fiore (Post 2218729)

Sorry the image is not very good. I can send you the entire report for all areas. The Magistrate made the Village Models public in the last VAB hearing. My email is carol_fiore@yahoo.com.

I have the melrose/montclair model just purchased last july 1 was closing date at 415,000 yup I cant read it