[JMEZARIC3]

The tax on my Patio Villa in Lynnhaven went up $102 . County tax went down a few cents but the school tax went up.Lynnhaven does not have municipality tax . The increased was due to assessed value . County up $1500 school up $50,000 . We are snowbirds and not Fla homesteader .
I learned about the Save Our Home law today so a resident transfer to Fla maybe in order.
Before I knew about the Save Our Home , homesteader in Fla vs Pennsylvania was a wash . The Fla homestead savings vs Pa homesteading were offset by an increase costs of insurance for two autos.
Will rework my figures about Fla homesteading .
You can learned many things on TOTV .

[Kenswing]

Originally Posted by Rainger99

Quick question on the SOH cap. As I understand it, that only applies to assessed value of the home but the tax rate has no cap on it. So even though my assessed value only goes up 3% - my taxes could go up 50% (in theory). Is that correct?

This makes things a little clearer.

Save Our Homes

[Mrs.Guy]

Sounds like you did your homework and some research..... I'm afraid NOT everyone does.

If anyone is interested - Our 2022 Total Tax Bill will be approx. $340 less than we paid in 2006. Sumter Co. Property Tax portion just over $100 of that with the rest being around $200+ less in School Taxes. How many places in the U.S. can say that? We have been here full time since 2004 but CWGuy is too lazy to look up the figures from then. He just uses the figures Home - Sumter County Property Appraiser : Sumter County Property Appraiser which goes back to 2006.

MEANT TO QUOTE LAKER14 ..... Sorry, new at this!

[Bogie Shooter]

Originally Posted by Mrs.Guy

Sounds like you did your homework and some research..... I'm afraid NOT everyone does.

If anyone is interested - Our 2022 Total Tax Bill will be approx. $340 less than we paid in 2006. Sumter Co. Property Tax portion just over $100 of that with the rest being around $200+ less in School Taxes. How many places in the U.S. can say that? We have been here full time since 2004 but CWGuy is too lazy to look up the figures from then. He just uses the figures Home - Sumter County Property Appraiser : Sumter County Property Appraiser which goes back to 2006.

MEANT TO QUOTE LAKER14 ..... Sorry, new at this!

It’s tough being green.🤷🏼

[Byte1]

I received my notice yesterday. The home assessment went up and my taxes went down. Weird! I'm in Sumter Co. Not complaining, just mentioning it.

[golfing eagles]

Originally Posted by Byte1

I received my notice yesterday. The home assessment went up and my taxes went down. Weird! I'm in Sumter Co. Not complaining, just mentioning it.

Not really weird at all. It just means the assessment of the tax base grew quicker than the budget. Now, if we could get the same thing to happen at the federal level..........

[Papa_lecki]

Originally Posted by golfing eagles

Not really weird at all. It just means the assessment of the tax base grew quicker than the budget. Now, if we could get the same thing to happen at the federal level..........

Not really, it’s good government. The taxable base increased, the budget stayed close to the same, so the tax burden was spread out over more people.
What could have happened is the taxable base increases, spending increases at the same rate on non essential stuff.

[Bill14564]

Originally Posted by golfing eagles

Not really weird at all. It just means the assessment of the tax base grew quicker than the budget. Now, if we could get the same thing to happen at the federal level..........

Originally Posted by Papa_lecki

Not really, it’s good government. The taxable base increased, the budget stayed close to the same, so the tax burden was spread out over more people.
What could have happened is the taxable base increases, spending increases at the same rate on non essential stuff.

Opinion #3: Both of the above plus.... the size of the tax base increased and it is an election year.

The assessments did go up which means the roll back rate went down. This is neither a tax increase or a tax decrease, it is the rate at which the county collects the same amount from the same homes as they did last year.

The size of the tax base also increased - there are more homes to be taxed. The county isn't living on the same budget they had last year, they are collecting more due to having more homes (and businesses) to collect it from.

There does appear to have been some effort made to keep spending down, or at least under control.

And, this is an election year. We have already seen candidates talking about how they "lowered taxes" when that is not the case at all. The rate being used is the rollback rate which by law is neither a tax increase nor a decrease. The number is smaller but because of increased assessments, the amount the county will collect is the same. Spending was kept under control but that is not too surprising after seeing what happened in the election following the last time rates were raised.

[John Mayes]

Originally Posted by golfing eagles

Not really weird at all. It just means the assessment of the tax base grew quicker than the budget. Now, if we could get the same thing to happen at the federal level..........

I agree GE but we know it’ll never happen.

[john352]

Originally Posted by Laker14

Are the TRIM notices available online? I tried to find mine in the Sumter Co. site, but had no luck.

[URL="https://www.sumterpa.com/record-search/"]
https://www.sumterpa.com/record-search

[Rainger99]

I bought last year for about $400,000 but my market value and assessed value is about $300,000!

Not sure how they came up with that number since the “Property Appraiser of Sumter County is charged with placing a fair and equitable market value on every parcel of property both real estate and tangible in our county.”

I think it has probably gone up at least 10% (neighbors have their house on market for about 20% over last year’s purchase price) so I was a bit concerned about taxes (thought my wife might have to get a second job) but this makes the decision to move here even better!

[Weiserj]

Originally Posted by Laker14

Are the TRIM notices available online? I tried to find mine in the Sumter Co. site, but had no luck.

Look in the right hand corner

[kkingston57]

Originally Posted by Luggage

Ha ha ha , it's just like gasoline when prices go way up and then it goes down just a little bit you think you're getting a bargain, taxes went up 25% the other year so if it goes down 7%, now you think it's still you're doing well. Government continues to steal millions and millions in Sumter county that they don't really need and you shouldn't be paying.

Would not complain about prop taxes in Sumter. One of the lowest, if not the lowest, in Florida.

We do live in the NE Corner of Sumter county and our roads are 25 years old. Hope you are not correct as our roads are getting to the point where in they need to be re surfaced.

[kkingston57]

Originally Posted by jarodrig

Folks complain when their taxes go up….

Folks complain when their taxes go down (but not enough!)

Simply UNBELIEVABLE !!!!

Agree. And when they need something like road resurfacing they complain also

[Mohawksin]

Originally Posted by Toymeister

The INCREASE of taxes in Sumter county of 25% by the developer's backed commissioners was scaled back with more new homes coming into the tax base.

To say that there was a decrease in taxes is similar to saying you have lower gasoline expenditures. True measured against last month but false measured against last year which is a rational comparison.

When it occurred, 25% was mathematically correct.