[EdFNJ]

Got it today ... seems earlier than usual.

Assessed value up about 2% and taxes down ~$30bucks from last year.

[billethkid]

Our taxes down from previous year.

Cost of living over previous year continues up for most needs!

[retiredguy123]

Originally Posted by EdFNJ

Got it today ... seems earlier than usual.

Assessed value up about 2% and taxes down ~$30bucks from last year.

It may seem earlier, but it came between August 19 and August 21 for the past 4 years.

[Altavia]

It's down because home sale prices are up. Expect an even larger decrease next year with the massive increase in sales priced.

A recently purchased home may soon pay more than double the taxes compared to the same home purchased 10 years ago.

[Debfrommaine]

I'm having a senior moment.......on my TRIM notice if I add up the totals of the ad-valarem, bond and maintenance......is this the total my tax bill should be? Thanks.

[rjm1cc]

Look for "Total Proposed Taxes and Assessments" at the bottom left of the notice. Will show last year and est this year.

[retiredguy123]

Originally Posted by Debfrommaine

I'm having a senior moment.......on my TRIM notice if I add up the totals of the ad-valarem, bond and maintenance......is this the total my tax bill should be? Thanks.

The ad-valorem section items are called "taxes" and the non-ad-valorem section items are called "assessments". If you add those two numbers, you will get the total amount you will owe in November. Also, that assumes that the proposed increases from last year's rates are approved in September.

[retiredguy123]

Originally Posted by rjm1cc

Look for "Total Proposed Taxes and Assessments" at the bottom left of the notice. Will show last year and est this year.

I don't think Lake County has that format. You need to add the total taxes and total assessments yourself.

[Debfrommaine]

Originally Posted by rjm1cc

Look for "Total Proposed Taxes and Assessments" at the bottom left of the notice. Will show last year and est this year.

Thanks so much; I went online and looked. Appreciate everyones help!

[kappy]

The very minor tax reduction you see in the TRIM notice should be much bigger. There are many revenue items not even considered in the budget. If you look at the minutes and listen to the July 13, 2021 budget meeting, you’ll see that there was no consideration for the new internet sales tax revenue estimated to be 229.5 million dollars for Florida this year. No revenue for the 25 million dollar Federal grant to Sumter County was estimated. Even the receipts from the sales of new homes are underestimated. If even half of the missing revenues were included in the current budget, our tax reduction for the County portion would be more like 10%.

[DAVES]

Originally Posted by billethkid

Our taxes down from previous year.

Cost of living over previous year continues up for most needs!

CPI consumer price index is now 5.5% up. Only surprise is that taxes went down. A pleasant surprise.

[DAVES]

Originally Posted by kappy

The very minor tax reduction you see in the TRIM notice should be much bigger. There are many revenue items not even considered in the budget. If you look at the minutes and listen to the July 13, 2021 budget meeting, you’ll see that there was no consideration for the new internet sales tax revenue estimated to be 229.5 million dollars for Florida this year. No revenue for the 25 million dollar Federal grant to Sumter County was estimated. Even the receipts from the sales of new homes are underestimated. If even half of the missing revenues were included in the current budget, our tax reduction for the County portion would be more like 10%.

My view re: taxes. If, they wanted you/us to figure it out it would be far simpler A 25 million dollar federal grant to Sumter county. I/we pay Federal tax as well. In plainspeak, they take it out of my left pocket, take 10% for the bookkeeping and put some back into my right pocket.

[EdFNJ]

AFAIAC they could raise my taxes 10% every year and I'd be pushing up daisies before it catches up to what I paid up north!

[kappy]

Originally Posted by EdFNJ

AFAIAC they could raise my taxes 10% every year and I'd be pushing up daisies before it catches up to what I paid up north!

How is that relative?

[M2inOR]

Looked ours up online. 2021 estimate for taxes is lower by about $70, too.

We are Sumter County, in Village of Marsh Bend.

As to the other comment about taxes... In our Oregon home of nearly 40 years, taxes never went down, except for the one year I challenged them in the 80s. And overall, the taxes were much, much higher than here when looking at the rate per $1K if assessed value. Oregonians voted for a property tax limitation that limited value
assessments to 3% per year, and the county/state did increase our taxes each year, plus any additional that the voters approved for special assessments and bonds each year.

I can't recall any year they went down, except for when I challenged the value assessment one year.

Overall, my Florida experience has been much better. Tomorrow will be our 2 year anniversary of buying our home here.