Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Property Taxes In Villages? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/property-taxes-villages-9097/)

mejahu 08-05-2007 05:15 AM

Property Taxes In Villages?
 
This has recently become a BIG problem in Indiana when the tax become based on 100% of the assessed valuation a few years ago and this year the amount was raised again based on the supposed value which is more than the house could sell for. This isn't helping sell the many houses on the market. How do property taxes and other taxes compare to the states you come from, or are now living in?

jfsaukas 08-05-2007 06:40 PM

Re: Property Taxes In Villages?
 
The tax rate is very close to Maryland but the minus 25K and the low cost of the house is the difference.

LG 08-06-2007 10:30 AM

Re: Property Taxes In Villages?
 
There are three tax rates
PER THOUSAND OF ASSESSED VALUE
Marion 17.9470
Sumter 16.4935 but will go down a couple of dollars next year
Lake 16.6059

If you are a full time resident ( Register Voter and have a FL drivers Lic ) you get a $25000 homestead exemption. Other wise you pay the full load

Taxes are based on the Selling Price of the home say for easy math $100,000
Florida is full value assessment state, but it kinda works out @85%

$100000 x .85 = 85000
85000/1000 = 85
85 x Millage Rate is you annual tax

There is some tax relief comming nest year and there will be a voter opportunity to change how property taxes are calculated.

http://www.floridataxwatch.org/news/propertytax.php

Barefoot 08-06-2007 03:28 PM

Re: Property Taxes In Villages?
 
Sounds like an unfair system for snowbirds, who must pay much higher taxes. Florida says "Thanks for helping out with our economy", and then punishes snowbirds with higher taxes. They don't qualify for a homestead exemption, and as well, are maintaining a second residence elsewhere. Other States are much more welcoming. Unfortunately TV is in FLorida!

jtdraig 08-06-2007 03:37 PM

Re: Property Taxes In Villages?
 
I guess it it isn't "fair" but "fair" is in the eye of the beholder.

Russ_Boston 08-06-2007 05:10 PM

Re: Property Taxes In Villages?
 
I don't see how it's unfair for a state to give their permanent residents some tax relief. I know it may not seem right but in general if you can afford two places then do they really owe you anything? There are people throughout much of Florida that need this relief - take a ride around some time.

Barefoot 08-06-2007 09:15 PM

Re: Property Taxes In Villages?
 
Being Canadians, we don't have the luxury of staying in Florida more than six months. That doesn't mean we're rolling in money. Like many of us, we'll be living on a fixed income. We would love to be a permanent residents of Florida.

We have to afford a second place in Canada so we have somewhere to go in the summer. Therefore we bought something very modest in the Villages. No pool, no spa, 2 bedrooms. I guess Designer Homes are for those who get tax breaks.

I don't think the Florida government "owes" me anything. On the contrary, I am grateful we can enjoy their sunshine six months a year.

F16 1UB 08-24-2007 11:19 AM

Re: Property Taxes In Villages?
 
bump

mrskkb 08-24-2007 03:12 PM

Re: Property Taxes In Villages?
 
Designer homes are those with tax breaks.

Not sure what you mean.

Florida has and still has a very serious problem with property taxes.

Have you read about how people have been taxed out of their homes?

And not being able to pay the very expensive Homeowners Insurance?

The Villages is simply a developement in central Florida.

People in Dade, Broward, Monroe and Palm Beach counties are getting

slaughered with high taxes and insurance.

I am sure Tampa and Naples area are high too.

Each and every homeowner who lives year round here and calls Florida home

has a 25,000 homestead excemption ( SAVE OUR HOMES )

If you are widowed or disabled ; an additional 500.00

We have give an additional break to the elderly who are barely getting by.

And we have plenty of elderly here in Florida who are in dire straits.

Sorry to go on and on.

I get a little nuts when I hear negative things about Florida.

I have lived in Florida for 37 years. This is home.

If you want a break in property taxes make us your permenent home.


mrskkb 08-24-2007 03:18 PM

Re: Property Taxes In Villages?
 
Also---

When I left Ft.Lauderdale 2 years ago I was paying $ 7,000.00 ( SEVEN THOUSAND )

my homeowners insurance was 3,500.00

And going up.

Last year I paid 1,100 for taxes here.

550.00 for insurance.

My auto insurance went down 900.00 moving here.

That is why I made the moved.

Plus I love here.

nanci2539 08-24-2007 04:03 PM

Re: Property Taxes In Villages?
 
Barefoot - why do you feel you need someplace to go in the summer?

I was down TV last July and it was cooler in the evening compared to what we had back home in IL. The elevation is higher in TV so you do enjoy the cooler breeze that comes in at night.

I wanted to own two places too - because my kids and grandkids live near me but it's not financially possible plus I didn't really want the maintenance of two homes.

Just my opinion. I'm sure Canada is beautiful in the summer but I felt TV was beautiful even with the summer heat.

Barefoot 08-25-2007 07:13 PM

Re: Property Taxes In Villages?
 
Quote:

Originally Posted by nanci2539
Barefoot - why do you feel you need someplace to go in the summer?

I was down TV last July and it was cooler in the evening compared to what we had back home in IL. The elevation is higher in TV so you do enjoy the cooler breeze that comes in at night.

I wanted to own two places too - because my kids and grandkids live near me but it's not financially possible plus I didn't really want the maintenance of two homes.

Just my opinion. I'm sure Canada is beautiful in the summer but I felt TV was beautiful even with the summer heat.

Nanci - I would LOVE to live in the Villages full time .. it wouldn't be my choice to leave in the summer! But the U.S. Government will only allow us to stay in the U.S. 180 days in each calendar year. We sure don't want the expense and hassle of maintaining two residences. Unfortunately we just don't have a choice in the matter. We are really grateful that we "discovered" TV and six months a year is better than nothing!

gogond 08-26-2007 08:13 PM

Re: Property Taxes In Villages?
 
Property Taxes in Fla. Bad ??? Please come and live in NJ and then see what you think about property taxes. I have a modest 2000sf home in bergen co. NNJ and my taxes this year are over $9200 and I haven't been reassess yet for a new bathroom. I'm sure next year will put me over $10,000. I hate to say it but NJ is the most corrupt state in this country. I can't wait to get to TV. Education is about 3/4 of our taxes. In my town we pay about $12,000 per student. $12,000 for grade school education??? Drives me crazy. I'll take Fla. Taxes any time next to what I have now. I estimate that I will save about $10,000 a year between property taxes and car insurance.

F16 1UB 08-27-2007 07:37 AM

Re: Property Taxes In Villages?
 
Quote:

Originally Posted by mrskkb
Also---

When I left Ft.Lauderdale 2 years ago I was paying $ 7,000.00 ( SEVEN THOUSAND )

my homeowners insurance was 3,500.00

And going up.

Last year I paid 1,100 for taxes here.

550.00 for insurance.

My auto insurance went down 900.00 moving here.

That is why I made the moved.

Plus I love here.



And if you live in KY you have to pay personal property tax upon the purchase of your license plates. Every time I purchase a new vehicle I feel as though I'm penalized. Sales tax & property tax. B.S.

Steve

Avista 08-27-2007 08:25 AM

Re: Property Taxes In Villages?
 
This is the web site for the Sumter County Appraisers Office
(May have to Copy/Paste)
http://www.sumterpa.com/
Telephone number is 352-753-3877
I talked with "Sherri" and she was very nice and informative.
Look at the sidebar on the left and check out SuperHomestead.

If the amendment is passed, it looks like our real estate taxes will go from $2526 (house and land) this year to $632 next year. Sherri gave us our info to put into the super homestead calculator.

Hope this is helpful.


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