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/)

ron32162 03-17-2024 08:27 AM

Plus a 30K bond on that new home. Sumter has the lowest property taxes Marion and lake county are higher

OhioBuckeye 03-17-2024 09:03 AM

Ours property taxes here in Texas last yr. Went from $6,4??. to $4,243. & we are supposingly getting a senior citizen discount because we’re both 75 yrs. old. But a little worried because they’re building 2 more schools. But thinking about moving again where property taxes are lower & either NO HOA or about 1/2 what we’re paying now! Everything here is geared for the ones that have children. Basically nothing because our HOA knows if they put anything in for us the kids will have it all torn up. Nothing against kids but their parents don’t watch them.

Gettingoutofdodge 03-17-2024 09:17 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?

When I bought my house 2 years ago in the Village of Charlotte the taxes were much less. The following year they were reassessed based on what I paid for the house. I applied for the Homestead deduction, which will be applied on this year’s tax bill. What you are quoted as taxes will change.

RRGuyNJ 03-17-2024 09:32 AM

Whole picture?
 
Quote:

Originally Posted by Shipping up to Boston (Post 2311643)
Location Location Location

Were you looking at just property taxes vs property taxes, bond, maintenance, fire dept total?
I believe past taxes may only be a guideline. If a property is assessed at let's say $250,000 in 2018 and you purchase the property at $400,000, the assessed value will increase quite a bit. I've been told roughly 85% of the purchase price will be the assessed value but I'm not convinced that is accurate.
$4000 difference sounds like something is missing.

kansasr 03-17-2024 11:31 AM

Quote:

Originally Posted by ron32162 (Post 2312239)
Plus a 30K bond on that new home. Sumter has the lowest property taxes Marion and lake county are higher

Not true....Marion County's rate is 4.29, Lake is 5.0364, Sumter is 5.19

Normal 03-17-2024 11:36 AM

Yes
 
Quote:

Originally Posted by kansasr (Post 2312301)
Not true....Marion County's rate is 4.29, Lake is 5.0364, Sumter is 5.19

True, and further more, Leesburg and Wildwood taxes are astronomical. Those two taxing cities encompass all new Villages homes and developments.

Debfrommaine 03-17-2024 11:40 AM

Quote:

Originally Posted by Gettingoutofdodge (Post 2312267)
When I bought my house 2 years ago in the Village of Charlotte the taxes were much less. The following year they were reassessed based on what I paid for the house. I applied for the Homestead deduction, which will be applied on this year’s tax bill. What you are quoted as taxes will change.

You got it. Taxes are reassessed each time the home is resold. And you can bet the taxes don't go down.

Pairadocs 03-17-2024 11:41 AM

Quote:

Originally Posted by Shipping up to Boston (Post 2311643)
Location Location Location

And yet, friends of ours chose a villages sales rep. and in their initial conversation in the office, ask many questions about the Villages covering 3 different counties, something they had not dealt with previously as career moves usually had them considering only a single county nearest their work. They were told there is NO difference here; that if the sales taxes are lower in one county, the property taxes will be more; that if the utility companies in one county have higher rates, it will be off set by my other considerations being lower, and so on. They did a little fact gathering and comparisons on their on, and found the agent's opinion to be very erroneous and concluded the agent was more interested in personal gain than in helping them find the best financial situation for them ?

Pairadocs 03-17-2024 11:48 AM

Quote:

Originally Posted by Bill14564 (Post 2311648)
Did you see the tax bill or just a number? A tax bill will contain a line for property tax, a total for ad valorem taxes, and a total tax which would include any bond payment. After that, different counties have different tax rates and some homes are within incorporated areas with additional taxes.

I would ask to see the actual bills (or look them up online) to know exactly where those numbers came from.

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 !

Pairadocs 03-17-2024 11:54 AM

Quote:

Originally Posted by edtherock (Post 2312105)
In Sumter county my understanding is a previous homeowners property taxes are capped a certain amount each year. So if they owned a house for 20 years let’s say their taxes are 3000. Then they sell. The new owners who do NOT own a present property in the villages will pay for example 6000 dollars now. The house is reappraised at present value and the cap is gone. So the cap now resets for the new homeowner at the higher rate. There is a grandfather clause at least for Sumter County property taxes.

So, if one lives in Sumter county 15, 20 years, sells, and BUYS again IN Sumter county, would their taxes stay relatively the same assuming the square footage is relatively the same, meaning a 1400 sq. foot house (not villa) to a 1400 sq foot house but in Sumter co. ? That makes it even stranger that agents will say it really makes no difference which county one moves to ? ? ?

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.


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