[dewilson58]

Originally Posted by Reedpanos@gmail.com

Our home prices are artificially depressed due to the thousands of new homes being sold by the developer at prices undercut by the 25% tax increase. Putting the increase in the impact fee on new home buyers increases both new homes and by market pressure existing home prices. That helps everyone except the developer.

"artificially depressed" ..................... my home as increased over 10% per year. not too depressed.


The Developer would LOVE to have taxes cut. They pay millions in property taxes every year. Increase the impact fee on new homes will not cost the Developer a dime. The fee will just be added onto the price of the new house.

[Chellybean]

Originally Posted by Advogado

Remember that the Developer has hundreds of millions of dollars riding on blocking all, or at least part, of the rollback-- thereby protecting all, or at least part, of his sweetheart impact fee. The Developer and his puppets will be doing everything possible to somehow convince at least one member of the EMS team to renege on his campaign promise--thereby blocking or reducing the rollback. Failing that, the Developer and his puppets will do everything possible to delay both the tax rollback and the imposition of the higher impact fee.

The first step is for the Commission to contract for a study of the cost of ALL county infrastructure (not just roads) that will be necessitated by the Developer's massive expansion of The Villages and to calculate an appropriate impact fee to pay for it. That study will have to be done in any case, and there is no reason to delay doing it.

How about the developer reduce his profit margin to pay for the impact fee's HMMMMM is this Greed?

[Chellybean]

Originally Posted by dewilson58

"artificially depressed" ..................... my home as increased over 10% per year. not too depressed.


The Developer would LOVE to have taxes cut. They pay millions in property taxes every year. Increase the impact fee on new homes will not cost the Developer a dime. The fee will just be added onto the price of the new house.

Where in Gods name do you get 10% a year? Zillow is not a good gauge either and very rarely accurate.
You don't have a increase in value till you sell and get your price, Good luck Mr. Helpful, I very rarely agree with your views.

[Advogado]

Originally Posted by Chellybean

How about the developer reduce his profit margin to pay for the impact fee's HMMMMM is this Greed?

The Developer's profits would definitely be hit with the imposition of a reasonable impact fee. If he could profitably raise prices to completely cover increased impact fees, he would already be charging the higher prices. (If not, he should fire his CFO for leaving money on the table.)

This is why the Developer packed the Commission to keep his impact fee obscenely low-- by offloading what should be his infrastructure costs on to us, via the 25% tax increase.

[Advogado]

Originally Posted by Dilligas

If you roll back the 2019 millage rate tax increase, then the last 10 years of no or very little increases (& decreases) will be assessed and small annual increases every year will be retroactively assessed. We have been and are still one of the lowest rate counties in Florida.

Remember that as your assessment has gone up, your (and the County's revenue) has tax increased over what it would have been without the reassessment. The addition of new taxable building plus increased valuations should have removed the need for a tax increase.

The 25% increase was enacted by the Developer's puppet Commissioners for ONE reason: to preserve the Developer's sweetheart impact fee at our expense.

[Advogado]

Originally Posted by Niferlou06

Here is the email reply:
Thank you for your well thought out and insightful email. I have not lost sight of what I have come to office to do. I want to reassure you of that first and foremost. Additionally we are having a workshop on January 5th to address the issues of impact fees and what those effects may be on potential revenues to try and lower the burden on the ad valorum tax base. It is critical for us to find additional revenue streams and apply those to once again lower the burden on the ad valorum taxes in Sumter County. Thank you for your interest as I work toward identifying solutions to remedy the situation...Craig

The Developer, not present residents, should be paying for the infrastructure (all county infrastructure and not just roads) expansion necessitated by the Developer's expansion of The Villages. The County Commission needs to, immediately, contract for an impact-fee study to determine what that amount should be. Upon completion of the study, the Commission needs to increase the Developer's impact fees in the amount determined by the study and reduce the 25% tax hike by the amount of the increased impact-fee revenue.

Simple as that and what the EMS Team promised to do.

[Advogado]

Originally Posted by dewilson58

"artificially depressed" ..................... my home as increased over 10% per year. not too depressed.


The Developer would LOVE to have taxes cut. They pay millions in property taxes every year. Increase the impact fee on new homes will not cost the Developer a dime. The fee will just be added onto the price of the new house.

Your home would have increased more if you were not competing with the Developer's artificially low new home prices, which you are subsidizing with your tax increase and the Developer's sweetheart impact fee. In addition, the Developer's sweetheart impact fee is garnering him hundreds of millions of dollars, which more than makes up for whatever higher property taxes he is now paying on his mostly vacant land and on the relatively small number of completed houses in his inventory.

Finally, you obviously never studied economics or ran a business if you think that a business can simply add increased costs to its prices without reducing sales and taking a profit hit. A reasonable impact fee will cut, but certainly not eliminate, the Developer's bottom line, which is why his puppets set the fee so low.

[JoMar]

We will now see if the new puppets will dance to their puppeteers.

[dewilson58]

Originally Posted by Advogado

Your home would have increased more if you were not competing with the Developer's artificially low new home prices, which you are subsidizing with your tax increase and the Developer's sweetheart impact fee. In addition, the Developer's sweetheart impact fee is garnering him hundreds of millions of dollars, which more than makes up for whatever higher property taxes he is now paying on his mostly vacant land and on the relatively small number of completed houses in his inventory.

Finally, you obviously never studied economics or ran a business if you think that a business can simply add increased costs to its prices without reducing sales and taking a profit hit. A reasonable impact fee will cut, but certainly not eliminate, the Developer's bottom line, which is why his puppets set the fee so low.

Tired old record continues to play.

& wrong on so many items.
Every new home is in competition with a developers continued growth. This is true in every new housing development. Clueless if you did not know this when you purchased. If I cared, +10%/year is great. But I don't care, I'm not selling.


Impact fee is not a sweetheart deal. Any impact fee does not cost The Villages a dime. Doesn't matter if it's $900 or $1900 or $2900. In this market, The Villages can just pass the fee on.



Have you seen The Villages tax bill??.......No you haven't. Have I, yep. Millions of dollars out of their pockets paying their taxes. AGAIN, impact fee doesn't cost them a dime.


Economics...............again........clueless. The Villages have not met price pressures in any economic 101 model. To understand economic, you need to get well past 101 and a Google search.

[dewilson58]

Originally Posted by Chellybean

Where in Gods name do you get 10% a year? Zillow is not a good gauge either and very rarely accurate.
You don't have a increase in value till you sell and get your price, Good luck Mr. Helpful, I very rarely agree with your views.

Thank you for wishing me luck, but I'm not selling.


Quite easy to determine valuation...............Look at comp's of same models which have sold.

Also, appraised values are a very good indication of value.

10% is actually low compared to the appraisal I have.

Thanks for asking.

[biker1]

What would the impact fee have to be increased by to offset the approximately 25% increase in the County Tax of 2019?

Originally Posted by Advogado

Calls for a rollback are not premature. Revenue to the County will remain the same. The difference will be that the Developer (through a realistic impact fee), not the current residents (through their property taxes), will be paying for County infrastructure necessitated by the Developer's massive expansion of The Villages.

[dewilson58]

Originally Posted by biker1

What would the impact fee have to be increased by to offset the approximately 25% increase in the County Tax of 2019?

I know, I know. Pick me, Pick me. I'll wait.

[biker1]

I know, it was a thinly veiled attempt to find out if Avogadro actually knows any real numbers or is just spouting a bunch of qualitative nonsense. I agree with you that if the number is relatively small, say less than 10K, it can be passed through to the buyers without issue as they don’t seem to have any problems selling every house they can build. You have an idea what the real number is ? I couldn’t begin to guess without spending a bunch of time.

Originally Posted by dewilson58

I know, I know. Pick me, Pick me. I'll wait.

[Bogie Shooter]

Originally Posted by JoMar

We will now see if the new puppets will dance to their puppeteers.

[Bogie Shooter]

Originally Posted by biker1

What would the impact fee have to be increased by to offset the approximately 25% increase in the County Tax of 2019?

Tough questions not allowed or accepted.....