Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Property taxes (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/property-taxes-348550/)

Escape Artist 03-17-2024 12:59 PM

Quote:

Originally Posted by Heartnsoul (Post 2311642)
We went to see a villa today in pennecamp. Approximately 1600 sq ft. Taxes $2700 a year. Then went up north to see Same Exact villa. Taxes $6700. Are u kidding? I know Marion Co is more but we expected hundreds more, Not Thousands? How is this possible?

Maybe you mean $670? I live in Marion County and my taxes are about 1/3 of what you stated. It’s

jimjamuser 03-17-2024 02:21 PM

Quote:

Originally Posted by kansasr (Post 2311658)
There’s something else going on here that you are missing. Possibly exemptions/upgrades? Yes, Marion’s tax rate is about 43% higher than unincorporated Sumter, but that doesn’t explain your numbers.

The average tax bill in Florida is $6,000 per year. So, I agree that something is wrong with that comparison.

jimjamuser 03-17-2024 02:23 PM

Quote:

Originally Posted by margaretmattson (Post 2311666)
OP, Did you calculate the actual taxes YOU will pay? Or, are you looking at the taxes the current homeowners pay? Current homeowners may have the homestead exemption or not. They may have been living in their homes longer than others. They may have paid substantially less for their home. They may have owned a previous home in Florida and receive a save our homes reduction. A home may have a high bond or a significantly smaller one that has been paid down. Everyone DOES NOT pay identical property taxes even neighbors who live next door. When purchasing a home, you must calculate what YOUR taxes will be.

I see that response as very informative and can explain the tax differences.

Bill14564 03-17-2024 02:25 PM

Quote:

Originally Posted by Pairadocs (Post 2312308)
Not an "expert" in taxes and tax comparisons, but wouldn't it also apply, that the actual tax paid would depend on if the present property owner's tax bill had a homestead exemption ? And also (don't understand how this works) was told that when an individual sells their homesteaded property to move to another property where they will have a homestead exemption, the taxes will (somehow ??) be similar to their previous residence and NOT increase 25, 30, 50% ? If someone actually knows how that works, would love to see it posted here !

Yes, homestead exemption would make a difference if it was included in the numbers given. That is one reason why looking at the actual tax bills would be useful.

The Save Our Homes limit on increases in taxable value is portable and can “follow” a Florida resident from home to home. I don know the details well enough to describe it but I’ve seen some good information online.

jimjamuser 03-17-2024 02:25 PM

Quote:

Originally Posted by EdFNJ (Post 2311671)
Also, the taxes you see online could be 1/2 what you are going to pay because older homes tax rates are "sort of" frozen if the owner has been living there for a number of years and when a new person moves in you get hit for full current rate. When we bought our actual rate was almost double what the previous owner was paying (taxes, not inc bond) even after all the deductions. I guess at least in the new areas what you see (taxes) is what you will pay.

I hate old people so much that I can't even look at myself in the mirror.

jimjamuser 03-17-2024 02:41 PM

Quote:

Originally Posted by Blueblaze (Post 2311736)
Property taxes are the most oppressive and arbitrary taxes imaginable, and they are practically the only taxes that retirees pay, unless you're dumb enough to hold your life savings in a taxable account. It always seemed insane to me that the states that rely the most on property taxes are the top retiree destinations. In a sane world, voters and not bureaucrats would decide your tax rate, it would be illegal to tax anything that doesn't produce a cash flow to tax, a given dollar of wealth would only be taxed once, and you could retire from paying taxes on the day you retire from making money. We apparently do not live in a sane world.

Then, my day to retire came, and here I am in Florida, not low-tax Oklahoma where I was raised. And where in the Villages did I buy? Marion County.

I'm in Florida because the weather is nice. I'm in Marion County to try and escape the horde of other winter escapees. And for four months every year (usually while waiting 6th in line to buy gas at BJ's), I sometimes wonder about my sanity.

Retirees pay gasoline tax unless they walk everywhere and have a push lawnmower. They also pay sales tax.
.........And while we are talking taxes......I hope people know that a flat tax is the most regressive tax. Because rich people already probably inherited a home and other reasons. Florida has a flat sales tax because they HOPE that international visitors and northern visitors pay for most of the state expenses. But, you and I are still stuck with a flat tax which hurts middle and lower classes the MOST.
.......People bitch about California, yet they have one of the BEST tax systems in the US because they have a PROGRESSIVE tax system which means the more money that rich people make, the more income tax they pay. In California the lower classes get the tax breaks, which is the RIGHT way to do it because it encourages EACH generation to HAVE to work hard and become successful.
..........Florida encourages people to succeed by BEING BORN rich!
..........Property tax and income tax laws are made law by the upper class in states like Florida.

JMintzer 03-17-2024 05:01 PM

Quote:

Originally Posted by sallyg (Post 2312175)
The $6700 could be because it is not the owner's primary residence. If it is his/her second home or investment property taxes are higher.

No true...

We don't pay any more just because we're not yet full time.

We just cannot take advantage of the Homestead Act...

Bill14564 03-17-2024 06:09 PM

Quote:

Originally Posted by JMintzer (Post 2312441)
No true...

We don't pay any more just because we're not yet full time.

We just cannot take advantage of the Homestead Act...

Bit that alone would result in you paying more than a fulltime resident. Then, the Save Our Homes limit on taxable value increases would make the difference even greater over time.

biker1 03-17-2024 06:27 PM

As I understand it, the “save our homes portability” when you buy another home in Florida works like this. The difference between the market value and the assessed value of the home you are selling will be subtracted from the market value of the new home to establish the assessed value of the new home. This only applies if you are homesteaded.

Quote:

Originally Posted by Pairadocs (Post 2312308)
Not an "expert" in taxes and tax comparisons, but wouldn't it also apply, that the actual tax paid would depend on if the present property owner's tax bill had a homestead exemption ? And also (don't understand how this works) was told that when an individual sells their homesteaded property to move to another property where they will have a homestead exemption, the taxes will (somehow ??) be similar to their previous residence and NOT increase 25, 30, 50% ? If someone actually knows how that works, would love to see it posted here !


Rainger99 03-17-2024 07:00 PM

Post the addresses so people can check out your numbers.

Numbers seem off but unless we know the addresses, we can’t verify.

JMintzer 03-17-2024 07:16 PM

Quote:

Originally Posted by Bill14564 (Post 2312463)
Bit that alone would result in you paying more than a fulltime resident. Then, the Save Our Homes limit on taxable value increases would make the difference even greater over time.

No, not initially, if we bought at the same time...

The homestead act only limits the rate increase...

Bill14564 03-17-2024 07:36 PM

Quote:

Originally Posted by JMintzer (Post 2312479)
No, not initially, if we bought at the same time...

The homestead act only limits the rate increase...

Homestead subtracts $25K or $50K from the taxable value before applying the millage rate. Save Our Homes limits taxable value increases to 3% per year. Neither limits the tax rate.


On day 1, a new resident and a new snowbird will pay the same. By year 2 the full time resident should be paying less.

PoolBrews 03-18-2024 07:11 AM

Quote:

Originally Posted by Heartnsoul (Post 2311642)
We went to see a villa today in pennecamp. Approximately 1600 sq ft. Taxes $2700 a year. Then went up north to see Same Exact villa. Taxes $6700. Are u kidding? I know Marion Co is more but we expected hundreds more, Not Thousands? How is this possible?

Something is not right here. Sumter is cheaper than Marion, but the amounts you show are ridiculous. I'm in Marion county, my home is larger AND I have a pool, and I pay no where near $6700. Much closer to the $2700.

nn0wheremann 03-18-2024 09:49 AM

Quote:

Originally Posted by Heartnsoul (Post 2311642)
We went to see a villa today in pennecamp. Approximately 1600 sq ft. Taxes $2700 a year. Then went up north to see Same Exact villa. Taxes $6700. Are u kidding? I know Marion Co is more but we expected hundreds more, Not Thousands? How is this possible?

Your numbers cannot be right. I have a 2200 sq ft designer any my Marion county taxes were about $4400. The homestead exemption was worth about $787. If I paid five months late, that would add another $330. Still nowhere near your Marion county tax figure for a home with a much lower assessed valuation.

Marion County’s mileage rate is 51.6% higher than Sumter’s, unless you are within the City of Wildwood, in which case Marion’s rate is 17.6% higher. However, the bond expense in Marion is much lower, and for most homes the bond has been paid off.

JMintzer 03-18-2024 03:56 PM

Quote:

Originally Posted by Bill14564 (Post 2312484)
Homestead subtracts $25K or $50K from the taxable value before applying the millage rate. Save Our Homes limits taxable value increases to 3% per year. Neither limits the tax rate.


On day 1, a new resident and a new snowbird will pay the same. By year 2 the full time resident should be paying less.

That's exactly what I said...

Bill14564 03-18-2024 04:30 PM

Quote:

Originally Posted by JMintzer (Post 2312851)
That's exactly what I said...

Of course it was. That’s why I was agreeing with you.

Blueblaze 03-18-2024 05:13 PM

Quote:

Originally Posted by jimjamuser (Post 2312391)
Retirees pay gasoline tax unless they walk everywhere and have a push lawnmower. They also pay sales tax.
.........And while we are talking taxes......I hope people know that a flat tax is the most regressive tax. Because rich people already probably inherited a home and other reasons. Florida has a flat sales tax because they HOPE that international visitors and northern visitors pay for most of the state expenses. But, you and I are still stuck with a flat tax which hurts middle and lower classes the MOST.
.......People bitch about California, yet they have one of the BEST tax systems in the US because they have a PROGRESSIVE tax system which means the more money that rich people make, the more income tax they pay. In California the lower classes get the tax breaks, which is the RIGHT way to do it because it encourages EACH generation to HAVE to work hard and become successful.
..........Florida encourages people to succeed by BEING BORN rich!
..........Property tax and income tax laws are made law by the upper class in states like Florida.

Well, that's B.S.

What does "regressive/progressive" have to do with paying taxes? The government doesn't owe you extra votes just because you're poor -- so why should a poor man pay less to fund the government than a rich guy? And what business is it of yours, where he got his wealth?

The purpose of our government isn't to force everybody to be equally poor. You're confusing us with North Korea. Our government is supposed to guarantee our liberty, not our wealth. There's an interesting document you can read to help you figure out where you live. It's called "The Constitution of the United States. Even though it is the supreme law of the land, it is written in language any educated person can easily understand. You might notice that doesn't say anything about giving breaks to poor people. In fact, it never mentions wealth other than our God-given right to pursue it. And, although it was amended about 100 years ago to create an income tax, it doesn't say one word about making it "progressive".

If it bothers you to you live in a state that attempts to follow America's supreme law of the land instead of North Korea's, why are you here? Wouldn't you be happier handing your wealth over to California, so they can redistribute it in the "progressive" manner you prefer?

Full Text of the U.S. Constitution | Constitution Center.

Heartnsoul 03-21-2024 12:31 PM

Higher then $6,500 for a small villa??

Normal 03-21-2024 04:27 PM

More
 
Look for even higher taxes as we speak. Commissioner Wiley just said he backs a 22 million dollar increase in spending for fire.


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