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I am looking at his home. In 2009 he built better than a 2700 sgft house for 100k.. that is roughly 37.00 a sqft. The average house in the Villages is 150 to 200 a sqft. You couldn't even buy the materials for 35.00 sqft. The math doesn't lie! |
Don't recall being to Bushnell.
Here is what folks are asking for homes from this site. https://www.bing.com/maps?q=homes+fo...lvar=0&PC=DCTS The tax appraiser could be corrupt, or he could be the son and grandson of a Baptist minister with a nice wife and child. I don't know him. Do you? |
Hopefully the data from the tax appraisal site and the following interpretation will help us understand the situation better.
IMHO the Hooten residence has the parcel ID NA5A008 HOOTEN JOSEPH B & JENNIFER R 4596 CR 311 BUSHNELL (AG IMPROVED W/ HX) To me this is agricultural land with a house on it Further details indicate that the house site is 1 acre and the property has an improved pasture of 9.1 acre The land was purchased for 100,000$ The home was constructed later. The market value of the improved entire property with house is listed as $346,890 The assessed value is $215,000 (is this the result of having an agricultural assessment?) Might mean a reduction of about 90,000$ in land value Is 90% of the land assessed at minimal value? The Hooten's have taken two homestead exemptions correctly (-$50,000) So the property is taxed based on net appraisal of &165,000 Using an agricultural assessment is valid if the property meets the criteria. It is used extensively just check what the Villages associated land companies do. I believe that the Hooten's have used the available property tax rules to their advantage. That is not cheating |
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After further research it says built in 2009. But lets assume you are correct and purchased the land for 100k and the house was built for 115k. That is less than approximately 40 Dollars a sqft. Still doesn't pass the smell test. Why is the market value in the high 300's but taxed at less than 2/3rd of it's value! Hmmmmm |
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It is Obvious to me what is going on. But Thank You for suggesting that! JMHO :bigbow: |
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