Property Taxes on a New Home Property Taxes on a New Home - Talk of The Villages Florida

Property Taxes on a New Home

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Old 01-17-2020, 06:00 PM
jayerose jayerose is offline
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Default Property Taxes on a New Home

Is there a way to find out what the taxes are on a new home when visiting?

From what I understand, besides the mortgage, our monthly payments will also be the taxes, bond, if appl., and amenities fees.
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Old 01-17-2020, 08:45 PM
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dewilson58 dewilson58 is offline
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If it's a new home, I would go to the county site and find a home with the same approx value and look at their tax bill.


Sumter County Property Appraiser




or estimate at 1.5% of the value.


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Old 01-17-2020, 08:46 PM
retiredguy123 retiredguy123 is offline
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The Villages agent should be able to tell you the bond amount, bond payments, amenity fees, and the current year taxes. However, the taxes are calculated by the county every year and they are subject to change, especially for a new house. There is also an annual maintenance fee to maintain the infrastructure, which is also subject to change. The only things that are fixed are the bond amount and bond payments.
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Old 01-17-2020, 10:25 PM
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If you qualify for the homestead exemption your taxes will go down a little the following year.
Go to the County tax collector or assessor site and you can estimate the taxes. The taxable value of your home will probably be a little less than you paid so you can use what you paid for the home for an estimate.
Remember you will also have home owners insurance which can be expensive.
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Old 01-17-2020, 10:44 PM
John_W John_W is offline
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Bonds were last time I checked, Patio Villa $10,000 Courtyard Villa $14,000, Cottage $21,000 and Designer $24,000 and Premier $40,000. Those you can pay in a lump or over 30 years. I have a Courtyard Villa (CYV) which is $14,000 and it's $1100 a year for 30 years. The tax will be about $1500 to $3500 and the maintenace will be about $450 to $600. Type in an address in the counties below and see what the properties is paying.


Lake County Tax Website

Records Search Terms of Use : Lake County Property Appraiser

Sumter County Tax Website

Sumter County Property Appraiser
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Old 01-18-2020, 07:58 AM
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golfing eagles golfing eagles is offline
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Quote:
Originally Posted by dewilson58 View Post
If it's a new home, I would go to the county site and find a home with the same approx value and look at their tax bill.


Sumter County Property Appraiser




or estimate at 1.5% of the value.


Might not work----If it is new construction the previous tax assessment is on the undeveloped land only. First year here I had a tremendous tax break for that reason
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Old 01-19-2020, 09:48 AM
genobambino genobambino is offline
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Be sure to ask about city tax, we got a surprise from Fruitland Park that the real estate sales person conveniently forgot to mention. Pretty sure people so of 44 have Wildwood city tax also.
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Old 01-19-2020, 10:45 AM
dmarti1973 dmarti1973 is offline
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Check on the bond interest rate as well. I paid mine off when I realized I was being charged 8% interest.
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Old 01-25-2020, 03:09 PM
kstew43 kstew43 is offline
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When purchasing a new home Taxes are usually not the same as the Tax records indicate because the property is now improved with a home value added.

If your lucky enough to find another pevious home that was sold in the area, close to the specs of your home, you can sometimes come close to your new home.

The Property Appraisers office has a website that allows you to estimate the taxes on your new home. Then add, the BOND, Maintenance and Non ad valorem fees.
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Old 01-25-2020, 03:20 PM
CWGUY CWGUY is offline
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Quote:
Originally Posted by genobambino View Post
Be sure to ask about city tax, we got a surprise from Fruitland Park that the real estate sales person conveniently forgot to mention. Pretty sure people so of 44 have Wildwood city tax also.
Really..... you were surprised? All that info. is out there you just have to do your homework. I'm not sure if I ever heard of a city that didn't have taxes or did you not know you were buying in a city? I would think Lady Lake, Fruitland Park and Wildwood all have city taxes.
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Old 01-27-2020, 11:54 AM
LuvtheVillages LuvtheVillages is offline
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There are many homes north of 44 that are in unincorporated Sumter county. These lucky homeowners do not pay any city tax. These homes are assessed the lowest real estate tax of any in The Villages.
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