Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   My taxes went down 7% (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/my-taxes-went-down-7-334611/)

Catalina36 08-23-2022 06:28 PM
2022 Trim Notice for Taxes
 
Quote:
Originally Posted by Sparky25 (Post 2128440)
I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying😊
I received my Trim Notice for 2022. I received a 0.84 cent reduction in annual taxes????
I am wondering if there is anyone else who did not receive a reduction in their taxes??
For information, my taxes also went up in 2021???

Mrfriendly 08-24-2022 11:14 AM
Congrats, I'm in Sumter and my taxes increased 9.6% with no improvements to property.

lisaschroder21@gmail.com 08-24-2022 12:00 PM
Happened to my husband and I as well! Very happy! 😃
Just saying…😉😊

dewilson58 08-24-2022 12:29 PM
Quote:
Originally Posted by Mrfriendly (Post 2129245)
Congrats, I'm in Sumter and my taxes increased 9.6% with no improvements to property.
Share your Trim or post your address...................a friend would love to see the support.

Bogie Shooter 08-24-2022 01:08 PM
Quote:
Originally Posted by Catalina36 (Post 2129025)
I received my Trim Notice for 2022. I received a 0.84 cent reduction in annual taxes????
I am wondering if there is anyone else who did not receive a reduction in their taxes??
For information, my taxes also went up in 2021???
Isn’t there a numbers on the notice to call with questions?

laboutj 08-24-2022 01:25 PM
Quote:
Originally Posted by dewilson58 (Post 2129281)
Share your Trim or post your address...................a friend would love to see the support.
Mine went up about the same percentage (9.6). Related to the homestead exemption that was in place from the previous owner dropping off. We declared residency so the taxes should go back down next year.

tophcfa 08-24-2022 07:36 PM
We are in Sumter County and our taxes went up 3.41%.

Laker14 08-25-2022 05:15 AM
Quote:
Originally Posted by Mrfriendly (Post 2129245)
Congrats, I'm in Sumter and my taxes increased 9.6% with no improvements to property.
When did you buy?
New construction or pre-owned?
Are you homesteaded?

If pre-owned, did previous owner enjoy the benefits of a few years of homestead tax treatment ?

CoachKandSportsguy 08-25-2022 05:52 AM
Our taxes up, in sumter county, however, the house is considered a commercial property, so all the residential limits are working as desired. Be sure to sign up for your home stead exemption :pepper2:

Rainger99 08-25-2022 06:43 AM
How does Sumter compare to Lake or Marion?

My house was appraised at about $300,000 and I am paying about $3500.

Also, I live in Wildwood. Is the school tax for Wildwood schools? How are the villages schools paid for?

RiderOnTheStorm 08-25-2022 07:48 AM
Quote:
Originally Posted by Sparky25 (Post 2128440)
I just received my trim notice for 2022. My taxes have gone down about 7% even though my assessed valuation has gone up.

We can only imagine how much lower it could’ve been had not the impact fees increase that the commissioners voted in went through.if it wasn’t for the developers politically connected politicians that nix it our taxes this year would have been much lower.

Just saying😊
Help!!!
My wife and I recently bought into TV in late-2021 and are in the process of becoming Florida citizens. However, because we did not have time to apply for Homestead protection late last year, the assessed valuation of our home was increased by 34%, rather than the 3% cap provided by Homestead protection. The Tax Assessor seemed to take advantage of this brief lack of coverage in late-2021 to sock it to us.
Is anyone aware of any options we might have to contest this huge increase?
Thanks in advance for your thoughts.

Bill14564 08-25-2022 07:56 AM
Quote:
Originally Posted by RiderOnTheStorm (Post 2129500)
Help!!!
My wife and I recently bought into TV in late-2021 and are in the process of becoming Florida citizens. However, because we did not have time to apply for Homestead protection late last year, the assessed valuation of our home was increased by 34%, rather than the 3% cap provided by Homestead protection. The Tax Assessor seemed to take advantage of this brief lack of coverage in late-2021 to sock it to us.
Is anyone aware of any options we might have to contest this huge increase?
Thanks in advance for your thoughts.
You weren't taken advantage of. When a home changes hands the assessed value will change to the current market value. The previous owner benefited from the discounts but the new owner starts fresh. That's the way it has worked in all the states I have lived in.

Now that the initial adjustment has been made, future assessment increases should be limited to the lower of 10%, 3% (if homestead exemption applies), or the Consumer Price Index.

Mrfriendly 08-25-2022 08:12 AM
Quote:
Originally Posted by Laker14 (Post 2129412)
When did you buy?
New construction or pre-owned?
Are you homesteaded?

If pre-owned, did previous owner enjoy the benefits of a few years of homestead tax treatment ?
Bought Pre-owned May 2021 in Village of Hadley. Not homesteaded. Tax rate decreased 9% and Property Assessed Value went up 19.3%

Packer Fan 08-25-2022 11:51 AM
Quote:
Originally Posted by Bill14564 (Post 2128815)
The primary reason my taxes went down was the Save Our Homes cap on the assessment increase for homes with a Homestead exemption.

If you recently bought your home then its value will adjust to the Full Market Value and your taxes will increase.

If you don't have the Homestead exemption then the 3% cap does not apply. There should be a 10% cap on assessment increases for these homes. With a 9.1% decrease in the tax rate, this could result in your Sumter County property taxes increasing by about 1%

There is a good discussion of this here.


NOTE: IANAL or tax professional or real estate professional. I just spend too much time reading information available online.

Very True. The taxes on both my Rental properties went up as you said. Luckily, it looks like rents are going up also. You guys be happy with your homestead exemption, it is worth a lot.

EdFNJ 08-25-2022 12:05 PM
I am saving $85! Now I can retire again!


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