[EdFNJ]

Originally Posted by retiredguy123

You only know what the current tax rate is, not what it will be 5 or 10 years later.

. And just to add, your taxes pretty much stay fixed down here if you are a full time resident within a few points based on some marker. They LIKELY won't go up that much here. The Florida "Save our homes'" law. The guy who lived here before me from 2009 to 2016 was paying like $700/yr but we started at $1600 or so.

[EdFNJ]

Originally Posted by vintageogauge

You couldn't afford the taxes 55 years ago and you can't afford them now 55 years later. What does that tell you?

It clearly tells me you are having a reading comprehension issue. WHEN WE LEFT NJ **AFTER** my wife retired our taxes were over $10G not when we bought in 1971. Then is was $697 PLUS we were both just out of college and BOTH had full time jobs and we knew our income would be increasing. Even then we couldn't buy a home we liked because it's taxes were over $2K. So get your facts correct before you make silly comments.

[westernrider75]

We were just in Newell yesterday and talked to several agents and they all told us approximately the same thing, on a house that is $450,000-500,00 the taxes and bond combined would be right around $10,000 per year in that area, which is Lake County!

[PersonOfInterest]

Seems like the 2 or 3 thousand dollar difference in taxes should not be deal breaker. If you're talking about buying / building a 500k house and that amount seems significant then maybe a lower value house should be considered. I'm sure there are many of us who live in the Villages that are extended beyond where we should be financially.

[KsJayhawkers]

Originally Posted by paulhayes101@yahoo.com

Taking a look at the property tax rates in Lake County it looks like it makes more sense to wait until new lots are available in Sumter County to build my new Villages Home. I'm not is a rush as I currently live in Chitty Chatty. In speaking to a Villages agent they continue to try to steer me back to what's available now in Lake Denham/Dabney areas (Lake County). For those that have been here for some time and watched the Villages grow I'm wondering your thoughts on which areas we will see new lots in Sumter County first, around the new Shallow Creek golf course or south of Monarch Grove near the new square at Eastport? Also, 2023 or 2024?

Since most have not answered your question, Well Point will be the next village opening up and it will be a great location for you.

[Sandy and Ed]

Originally Posted by LuvtheVillages

You are very fortunate that you don't have to be concerned about an extra $1000 or $2000 per year, every year. Good for you.

Perhaps other people are in a different situation.

I believe that property tax is one of several considerations when selecting a home.

Absolutely. Location and recurring expenses.

[bark4me]

Originally Posted by kansasr

Lake County's assessment is LESS than Sumter....5.0364 vs 5.59
Leesburg's assessment is HIGHER than Wildwood...4.0192 vs 3.000
Lake County's school assessment is HIGHER than Sumter...6.248 vs 4.584
Lake County's water district assessments are HIGHER than Sumter 0.5057 vs 0.226

Looks like a no brainer after your research

[Sandy and Ed]

Originally Posted by PersonOfInterest

Seems like the 2 or 3 thousand dollar difference in taxes should not be deal breaker. If you're talking about buying / building a 500k house and that amount seems significant then maybe a lower value house should be considered. I'm sure there are many of us who live in the Villages that are extended beyond where we should be financially.

True but why not consider the best, most financially sound, selection? Many of us consume well below our means. Guess it is all a matter of your spending attitude. Spending $1k less per year in taxes might buy you a premium beverage package or room upgrade on your next cruise (lol).

[virtue51]

I heard that the bonds on the new homes are much higher. Also, there is a cost to moving - look at all the costs.

[Pgcacace]

Why should the money be equally allocated? I have no ill will towards those who own 3 homes. They obviously did better in their careers and investments. Our money goes further here than it did in CT.

[airstreamingypsy]

I wonder if all these new apartments and family villages will mean more fire stations, more schools..... more things tax payers pay for to support the huge influx of new people to Sumter.

[suzm16]

Where is Well Point going to be?

[VApeople]

Originally Posted by paulhayes101@yahoo.com

For those that have been here for some time and watched the Villages grow I'm wondering your thoughts on which areas we will see new lots in Sumter County first, around the new Shallow Creek golf course or south of Monarch Grove near the new square at Eastport?

We have been here for 7 years and we live in Osceola Hills.

I have always thought that Monarch Grove is the most desirable neighborhood south of Route 44 I think the new areas south of Monarch Grove and north of Eastport will probably be very nice.

They will have easy access to Magnolia Plaza and the new stores that will be built near the intersection of Meggison and Route 468 (Warm Springs Road).

[gobuck827]

Originally Posted by suzm16

Where is Well Point going to be?

Well Point is the village which will be located along the Southern border of the village of Monarch Grove.

[LuvtheVillages]

Originally Posted by airstreamingypsy

I wonder if all these new apartments and family villages will mean more fire stations, more schools..... more things tax payers pay for to support the huge influx of new people to Sumter.

Yes, it will.
That's why counties charge developers an impact fee for every new house or apartment that they build.

A subject for another thread.