Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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I read the article and found it to be rather poorly written and confusing...I didn't bother to re-read it and went on to the page with the comics
What I did find interesting is that the article said Sumter County hadn't changed it's tax rate in 14 years seems to me that there may not have been much serious long term planning being done by the Sumter county officials that should have been doing that, so that additional funds needed for future infrastructure expenses were on the radar and could be collected and put aside... but with the constant increase in the tax base the money has been flowing in by the wheelbarrow for years and apparently nobody noticed.....now the circus has become too big for the tent and there's not enough money to fund the infrastructure spending that is needed so, yes, let's tax the 'you know what' out of the small businesses, those scoundrels are making money hand over fist on us (NOT)... and let's put future business growth on hold, that'll solve the problem, (NOT)...and so what if another hospital doesn't get built in the southern area of TV, they seem to be younger down there anyway (selfish) |
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#17
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thanks, . .
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I have CDO. It's like OCD but all the letters are in alphabetical order - AS THEY SHOULD BE. ![]() "Yesterday Belongs to History, Tomorrow Belongs to God, Today Belongs to Me" |
#18
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It was begun to sell houses and The Villages, and to this day, that is its main purpose. You will never see certain things in The Daily Sun, no matter the import. It will never ever give you both sides, if their are other sides. It still is a "house organ" selling this community, and the "Family" values" to all. This is not negative, just reality |
#19
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#20
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I just googled Sumter County Road Impact fee and was rather surprised at the list of categories of construction and their assigned impact fee. There was about 80 different categories from retail to restaurants to single detached homes to multi-story residential construction to gas stations to grocery stores to various types of medical clinics and hospitals to auto supply stores to industrial buildings to bars to golf courses to bowling lanes and on and on. Some impact fees were per housing unit, some were per 1000 square feet, some were per hole of the golf course, some per lane of the bowling alley, some per screen of the theater, etc. The current rates were set in Oct 2020 at 40% of the maximum allowed. If the rate can not be raised on just one category, but on all categories at the same time, the increased impact fee will negatively impact every category of future construction in the county. Raising the impact fee on retired community single family homes would raise the current impact fee of $972 per house to $2430 per house, but it would also raise the impact fee on every other category.
Also noted in reading the document that impact fee revenue can not be used for maintenance on existing county and state roads. That has to be paid by other sources of money from the county or the state. New county road construction and improvements to existing county roads necessitated by the development can be paid with impact fees. I surmise that raising the impact fee of just the developer, if that can be done without affecting the other categories, would not generate enough revenue to completely reverse the 2020 property tax increase and still cover the county's budget.
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Indiana, Virginia, Vietnam, Tennessee, Indiana, Alabama, S. Korea, Georgia, Washington, Hawaii, Washington, Indiana, Osceola Hills Last edited by birdiebill; 02-17-2021 at 03:38 PM. |
#21
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#22
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#23
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#24
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#25
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If you notice the new commissioners did not tie the increase in road impact fees with a roll back of the 25% property tax increase from last year. I believe they know they can’t replace the funds from the tax increase by raising road impact fees. Another item these commissioners are looking at is raising your annual villages fire assessment. They just agreed to basically double the cap, guess what comes next.
We will see how this all plays out. My prediction is they will raise the road impact fee to whatever, give a small reduction in the property tax rate, increase the fire assessment, and will fall short on road impact fee revenues in the long term due to slower commercial growth (possibly even losing the proposed UF research hospital and campus). It really depends on how much they raise the fee and if they can limit it to the developer by getting them to agree to an increase in their line item of a very complex road impact fee schedule. |
#26
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All newspapers and news outlets push there ceo agenda. Funny how news outlets can see sun rise differently. Instead of just reporting the facts the sun has risen, they have input their agenda to cloud simple minds with Bs. |
#27
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#28
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...whose power is now in the hands of the few.
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#29
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So let's just say the impact fee goes up to $1500, and the buyer has to absorb the entire $1500 cost in the purchase price. The home is still valuated and assessed however it always is, by the county for tax purposes. The homeowner pays the same amount they always pay - which is now less, because the county has reduced their total tax burden from the homeowner. So let's just pretend - for fun - that the decrease in the tax burden ends up meaning the homeowner pays only $3000 per year in taxes instead of $3500 in taxes per year. The homeowner, by paying $500/year less in taxes, will save more than what they spent on the impact fee, in their second year. The longer they own the home, the less significance that extra $600 impact fee increase has. |
#30
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Hmmmm, we are all free to interpret the multiple sources of information thrown our way, and come to our own conclusions. Typically, the real truth comes out somewhere between the B.S. we are force feed, and the real story. In this particular case, I am leaning strongly toward dipping my chips in some guacamole.
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Closed Thread |
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