Developer owned utility to be sold to TV for .5M

Developer owned utility to be sold to TV for $98.5M

Notices

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Reply
 
Thread Tools
  #41  
Old 10-22-2019, 04:27 PM
tophcfa tophcfa is online now
Gold member
 
Join Date: Feb 2015
Location: The Berkshires of Western Massachusetts and the Villages
Posts: 1,152
Thanks: 83
Thanked 110 Times in 62 Posts
Default

Quote:
Originally Posted by twoplanekid View Post
The property tax value of my house is not based on "the valuation discussed herein reflects a projection of annual revenues net of projected annual expenses such that projected annual income is calculated for 33 years (FY 2019 thru FY 2052)."
Yes, I understand that. But I am still struggling to reconcile how a house with a value of roughly $300 thousand pays about $3 thousand a year in property taxes and an entity with a market value of roughly $98.5 million pays under $4 thousand a year in property taxes. That would seem to imply that the entity with a $98.5 million market value is only accessed for taxes at about $400 thousand. That's a very large disconnect between accessed value and market value. The value difference seems way to good to be real for the property owner, or maybe not considering the current owner?
Reply With Quote
The Following User Says Thank You to tophcfa For This Useful Post:

  #42  
Old 10-22-2019, 05:14 PM
dewilson58's Avatar
dewilson58 dewilson58 is offline
Sage
 
Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 4,681
Thanks: 50
Thanked 168 Times in 93 Posts
Default

Quote:
Originally Posted by tophcfa View Post
Yes, I understand that. But I am still struggling to reconcile how a house with a value of roughly $300 thousand pays about $3 thousand a year in property taxes and an entity with a market value of roughly $98.5 million pays under $4 thousand a year in property taxes. That would seem to imply that the entity with a $98.5 million market value is only accessed for taxes at about $400 thousand. That's a very large disconnect between accessed value and market value. The value difference seems way to good to be real for the property owner, or maybe not considering the current owner?



Utility costs are pass-thru costs. Rates are based on costs. So, you should be cheering property tax expenditures are low


__________________
Mr. Helpful.
Reply With Quote
Sponsored Links
  #43  
Old 10-22-2019, 08:36 PM
tophcfa tophcfa is online now
Gold member
 
Join Date: Feb 2015
Location: The Berkshires of Western Massachusetts and the Villages
Posts: 1,152
Thanks: 83
Thanked 110 Times in 62 Posts
Default

Quote:
Originally Posted by dewilson58 View Post
Utility costs are pass-thru costs. Rates are based on costs. So, you should be cheering property tax expenditures are low


Does that imply that utility providers are subject to a different mill rate and/or accessment process than other residential or commercial property owners? Just trying to understand how an entity with an appraised value of roughly 98.5 million is only accessed at about 400 thousand? I know we all wish our homes were accesses at 4/10 of 1% of their market values, how sweet would that be! And the property in question is not my utility provider in District 1.
Reply With Quote
The Following User Says Thank You to tophcfa For This Useful Post:
Reply

Tags
true, asset, build, depreciable, unmentionable

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 09:12 PM.