I do not believe that is a correct statement. Not sure where you got that from. Closest thing I have found was that "furniture etc" sold with a home MAY BE taxable to the SELLER. Please provide further details unless that was just meant to be another "fake news" item? There is a relatively small "transfer tax" the seller pays which is the same up here in NJ.

Intangible tax on Florida home << The St Aug Blog

I believe that applies only for NEW CONSTRUCTION?

This is "fake news". The ACA does provide for a 3.8% tax on higher incomes, so if you sell your house and have a profit after the 250K single / 500K married exemption, it may put you in a high enough bracket. Otherwise, no impact.

If you go to the property appraiser website of the. County you are buying in and input address of home like the one you are buying. Once in website click on tax collector button. This will help you see how taxes are figured. Remember taxes vary based on exemptions and cost of bond.

If you are a permanent resident (have a Florida drivers license and insure your auto in Florida, make sure you file homestead exemption.

Many resales do not have bonds because they have been paid off. Each county is different on how much they tax.

Building was funded by tax-exempt bonds on which there is interest, not government loans.

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Thanks FrankieDee for that info. I just said things are getting more expensive in another article about, replacing AC & putting a new roof on. TV are going to price themselves right out of new residents. I was thinking about down sizing but now that you past this info out here, I'll probably move out of TV instead of staying. With property taxes & what you informed us about, I can't see where anyone can get ahead but the Morse's will keep getting richer & us poor working stiffs & the ones that live off of their savings or Pensions will keep getting poorer & poorer. Oh well, better than paying a nursing home 4 to $7,000. a month. Thanks for the info!

LOL., I WISH that applied to me! :)

And that has been cleared & closed by the IRS.

The IRS ruled on this and case was closed. No wrong doing.

Where you going that has lower tax rates? What is keeping you from getting ahead, and what does that have to do with the Morse's? If living off savings and pensions, why would you get poorer & poorer?

Same thing happend to us. I checked the Lake county auditors site to see the estimated tax for 2017 which was considerably lower than the escrow dept estimated. I called the escrow dept and got them to lower the escrow amount of the payment, they weren't real happy about that claiming it's only an estimate and I might be short. So what I'll pay the difference, better than them refunding me a couple thousand dollars at the end of the year, and using my money interest free.

Taxes and Bonds
 

Just a suggestion. Take out a home equity loan and pay off your bond if you plan on staying put. At least you will be able to write off the interest on that loan. You can't write off the bond payment which, if you go the whole 9 yards is really about twice the amount. Word of caution, if you're not sure about staying put, DON'T pay off your bond. You will NOT get that money back when you sell, no matter what anyone tells you.

Good advice
 

Very good advice. Nobody said to me "living in The Villages is "cheap". However, the term "cheap" is relative. I had a good friend (passed a year ago) who used that term "everything is relative" all the time. We get a retirement lifestyle that is second to none for what we pay in taxes, bond and amenities here in The Villages. When I add it all up, it's still cheaper than my taxes in Illinois. Everything is relative!