[Villages Kahuna]

I'm in Sumter and my assessed valuation went up by 1.7%, but my actual tax bill declined by about two bucks!

You got a good possible explanation above. If you bought a new house, your first year taxes (paid in arrears) are based only on the value of the land your house sitrs on. In the second year, they add the value of the house and your tax bill will increase dramatically. But if you've been in your house for awhile, you'd better pay a visit to the tax assessor's office. If you've been here awhile, something sounds wrong with your numbers.

[twinklesweep]

I'm in Sumter County. If no budget change is made, my taxes increase about $4/year; if proposed change is made, the increase will be about $3/year. I have no complaints!

[skip0358]

They went up slightly but as I said the assessed value went up. Either way they're still less then my school taxes alone were on Long Island.

[PaPaLarry]

Originally Posted by Easyrider

Sumter County, FL - Official Website

Why have my property taxes increased?
Your tax bill may increase for a variety of reasons. Some of the most common reasons are:
Loss of homestead exemption or other change in exemption status
Increase in assessed property value (i.e. increase in market value)
Increase in millage rate by one or more taxing authority
Column 2 on your TRIM notice contains the amounts you paid last year for each component of your property tax. Comparing this amount to the proposed amount for the upcoming year should help you to locate an item that may have increased.

How do I calculate my property tax?
The taxes due on a property are calculated by multiplying the taxable value of the property by the millage rate. For example, the property taxes on a home with a homestead exemption of $25,000 and a total tax rate, from all taxing authorities, of 20 mills can be calculated in this manner:
Determine the taxable value of the property:
assessed value of home: 100,000
homestead exemption: -25,000
taxable value: 75,000
Divide the taxable value by 1,000 and multiply by the millage rate:
(75,000/1,000) X 20 = $1500

Good information!!!! Mine went up $1.02 There goes "Happy Hour"

[mrf6969]

Originally Posted by janmcn

The first year's taxes on a new house only cover the land. The second year's taxes cover the house and land. Could this be the case?

I don't think so as I have been in the home now for 8 yrs

[mrf6969]

Originally Posted by skip0358

Because the accessed value of your home went up. Compare last years value to this years. Value goes up, taxes go up'

It sure did no up. 2012 value 180K and this yr 225K. That is huge and I will have to see how the county figured that.

[pakirk]

I talked with the Sumter County Property Appraiser's Office. The said that there was an adjustment based on increased market value. It had nothing to do with the millage. The market values were adjusted based on 80% of the actual resell value of the house determined through a market assessment. The change is tied to the model of the home.

[Bogie Shooter]

Originally Posted by mrf6969

It sure did no up. 2012 value 180K and this yr 225K. That is huge and I will have to see how the county figured that.

Worth a trip to the tax man..............................

[ajbrown]

All these posts sure makes me feel warm and fuzzy that the appraisals are accurate. My assessed value went up by 7% and my total tax due went up by 5%.

They must have used a different dart board when doing ours....

These young men had is so right, what a perfect song.....

[ame=http://www.youtube.com/watch?v=tTTEC3HQLm4]Taxman - Beatles - YouTube[/ame]

Taxman - Beatles - YouTube

[Gerald]

My first year taxes was a lot lower then the second year tax. As stated before the first year is actually not completed house and land. Depending on what house you have and where it is built the new tax for the second year can be anything from hundreds to thousands over first year.

[Villageswimmer]

We received ours today and the entire 2012 column reads zeroes, as if this were our first year here.

Is anyone else's like that? Was going to call Sumter County today but thought they'd be overwhelmed with calls for a few days. Will try next week.

[THE NEWCOMER]

Originally Posted by champion6

Opposite experience... My 2-yr old house in Tamarind Grove went down 2.6%

I live in Tamarind Grove and my CYV assessed valve went up 11.24% and my taxes when up 8.38%. If yours went down you can buy the first round!

[asianthree]

ours up $28.

[Duckfinger2]

I also live in Tamarind Grove and taxes went down almost 3%

[JP]

We live in St. James and our taxes actually went DOWN. Wow!