[clouwho]

Yes, and on the supply side there a LOT of more expensive homes being sold in the new area which will generate proportionally much more income for county per household than the older areas and the non villages areas. So the roads they are saying we need to pave for these areas with tax increases should be able to be funded with the 2000-4000 new expensive homes coming online every single year for at least five more years.

[Velvet]

Which reminds me, in my northern city of several million people, the roads and parks and infrastructure of new development is rolled into the cost of new housing to the future buyer. It does not make sense to ask the people who are far from that area and less likely to use it to pay for it. I’m in Mallory and the chances of me going as far South as they are building now is very slim.
What the existing homeowners need in TV is public transportation, sidewalks, and better medical services among other things and these don’t seem to be on the agenda.

[springgobbler]

Originally Posted by SB8476

Did anyone catch on page C4 of the Daily Sun the article regarding Sumter County increasing this years property taxes by 25%? Maybe they should not have asked the developer to continue building south of 44.

Seems to me that any increase in property tax rates should be tied to the CPI or some other quantifiable measurement.

[jgreen12]

Fl passed a law in 1995 called "save our homes". It caps tax increases at 3% or the cpi (consumers price index) increase which ever is the LEAST. So it looks like a typo and probably is 2.5% increase of ASSESED VALUATION OF YOUR HOME. Not the actual selling price.

[Velvet]

Originally Posted by jgreen12

Fl passed a law in 1995 called "save our homes". It caps tax increases at 3% or the cpi (consumers price index) increase which ever is the LEAST. So it looks like a typo and probably is 2.5% increase of ASSESED VALUATION OF YOUR HOME. Not the actual selling price.

Now this makes sense. I was taken aback with the 25% tax increase or the large change in valuation of our homes. I’m pretty sure I wasn’t alone in my concerns.

[eyc234]

Originally Posted by jgreen12

Fl passed a law in 1995 called "save our homes". It caps tax increases at 3% or the cpi (consumers price index) increase which ever is the LEAST. So it looks like a typo and probably is 2.5% increase of ASSESED VALUATION OF YOUR HOME. Not the actual selling price.

This can not be true! Someone got some facts and did a little research to hopefully get to the truth of a matter with (OMG) some knowledge applied. Not using the Chicken Little approach.

Thank you, thank you, thank you!!!!

[EdFNJ]

Originally Posted by eyc234

This can not be true! Someone got some facts and did a little research to hopefully get to the truth of a matter with (OMG) some knowledge applied. Not using the Chicken Little approach.

Thank you, thank you, thank you!!!!

Sorry, it's not true.

Originally Posted by jgreen12

Fl passed a law in 1995 called "save our homes". It caps tax increases at 3% or the cpi (consumers price index) increase which ever is the LEAST. So it looks like a typo and probably is 2.5% increase of ASSESED VALUATION OF YOUR HOME. Not the actual selling price.

It doesn't cap the TAX INCREASE at 3% it caps the ASSESSED VALUE INCREASE OF THE HOME at 3%. Google is your friend: save our homes fl - Google Search

Your taxes can go up 100% on the current assessed value but the taxable assessment for tax purposes of your home can only increase by 3% preventing a "double whammy" where the value of you home keeps going up AND the taxes keep going up. Also it must be a home with a homestead exemption (ie. FL resident primary home).

“Save Our Homes,” is a Constitutional Amendment that was approved by Florida voters in 1992. SOH limits, or caps the annual increase in assessed value of property that has a homestead exemption. The increase cannot exceed the lesser of 3% or the Consumer Price Index (CPI) for the previous year.

[Bay Kid]

All governments are big business and require lots of money. The only way they get money is tax, tax, tax.

[eyc234]

EdFNJ, thanks for enlightening. Again I say that getting real facts and details is refreshing instead of lots of assumptions. Thanks for the info and it appears talking with the powers in Sumter county needs to be initiated and they should be held accountable for being good stewards of the citizens money.

[PennBF]

As I understand it the Amenity Fees are Cap'd at 3% or CPI which ever is lower. The Maintenance has no cap and is charged to the residents as a separate line item on their Property Tax Form. I believe the small park at the 466/Morse Blvd was charged as Maintenance although it was NOT MAINTENANCE but rather NEW?? If that is true what other rules is the Management disregarding and ignoring in order to do what they want??It is time for the State or Federal to step in and do an audit of (1) What rules/controls are in place and do they protect the residents from "Cheating"? and (2) Is the Management/Government of the Villages following these rules. It is time the Controls moved from a "Mom and Pop" profile to ones that represent a Metro City. When you believe all is well remember that around 1999-2000 the Villages was fined $40,000,000.00 for disregarding State Laws/Statues. This 25% potential increase in Property Taxes is outrages and points to the need for serious audits of the Villages and its Management. When did anyone EVER experience a general 25% increase in any tax. Just the running the flag up to see what reactions would be is an indication of the loss of controls.

[collie1228]

A 25% increase in property taxes is highly unusual in itself, but a 25% increase in a county whose tax base is growing at one of the fastest rates in the country is truly unbelievable. According to Wikipedia, there were 2,134 new homes sold in The Villages in 2018. Any other county in the USA would love to have Sumter County's fiscal issues.

[dewilson58]

Oh People, People, People.






Let's use facts and knowledge.






What a funny thread.

[graciegirl]

When we know the facts and knowledge it will be no whoopy do.

As usual.

[PennBF]

The sad part of this are the ones who either make light of it or make jokes. There are some in the villages who are on tight fixed income and a 25% increase in their taxes would have a serious impacts on their quality of life. To mock it or develop a "Who Cares" attitude is dis respectable to those in need and it is in excusable.

[dewilson58]

No mocking.


Just discounting the posts stirring the pot and posters playing chicken little (to use a prior poster words, which are appropriate).


Need to stress over facts, not fiction posts.