----

Yes, you have to live in the house from January to December to get the next years exemption.

Bond
 

And District 10 can add an additional $209.79 to their savings from the reduction of the Bond interest rate!

Our Sumter tax bill goes up about 1% if the proposed changes are made in Sumter county.

Did you do something like file for a homestead exemption this past year? If you did this would be the answer as it lowers your taxable value by $50,000.

Sumter County
No changes
Bottom Line 2022 Trim Notice
Total Ad-Valorem Property Taxes
Down 7%

just got mine today also-----assessment went up by $278,000 but taxes down $338

Wow, $278m that's a bunch!

$278K, not M

I thought taxes were capped at 3% a year.

In 1994 the State of Florida established a 3% Save Our Homes Cap (SOH) assessment limit on all residential properties that receive a homestead exemption. The 3% SOH Cap limits any increase to the assessed value of a homestead exempt property for tax purposes to a maximum of 3% each year or the amount of the change in the Consumer Price Index, whichever is lower.

Never mind. Had a brain fart.
 

Never mind. Had a brain fart.

May want to double check your trim.

:1rotfl::1rotfl:

It's all public record.

:pepper2:

The maintenance assessment covers the cost to maintain and repair the infrastructure that was initially constructed with the bond money. The bond only covers the initial construction cost.

Duh!
Right.

Brain fart cure……

From the Sumter county tax collector web site.

The Villages Special Assessments
(352) 751-3900 Residential Bond Assessment Information
The Village District Office maintains all information
The Village District Office will provide Bond Payoff Inquires, Interest Rates, and Amortization Schedules.
The infrastructure of the The Villages District was built using Tax-Exempt Municipal Bonds. The Bonds are repaid with funds collected on the annual tax bill. The Maintenance Assessments are also billed on the annual tax bill to cover the maintenance and replacement of the infrastructure that was purchased with the Bonds.
The Board of Supervisors set the Maintenance Assessments, through Budget workshops each year by reviewing the operational needs of the Districts. The Maintenance Assessments are used to cover the cost of items, such as landscaping, deed compliance, road maintenance, wetlands and preserves, water retention areas, storm/gutter facilities, rights-of-way, transportation paths, walls, fences, utilities, insurance, etc. along with setting aside reserve funds for future projects.
In the Non Ad Valorem section of you tax bill you will find the Municipal Bond Assessment (Indicated with a “B”) and the Maintenance Assessment (indicated with an “A”).