[Bogie Shooter]

Originally Posted by Velvet

To understand the differences;
What does property tax cover?by county
As compared to Maintenance fees?
And Amenities?
Are there any other fees in TV besides paying off the original bond?
I saw the video from Goldwingnut explaining bonds but the total financial set up in TV Is convoluted. I am a newbie myself but up north when property taxes were increased dramatically some on fixed income lost their long time homes.

Moving to the Villages - Part 1

Moving to the Villages - Part 2

Moving to the Villages - Part 3

[Velvet]

Very helpful. Thank you. I guess I was wondering what exactly does Say, Sumter property tax cover? Schools, fire etc roads including Morse. How is it calculated? When you are asked to pay for something don’t you want to know what it is for and why the amount? Particularly when there is suddenly a large increase?

[CWGUY]

Originally Posted by Velvet

To understand the differences;
What does property tax cover?by county
As compared to Maintenance fees?
And Amenities?
Are there any other fees in TV besides paying off the original bond?
I saw the video from Goldwingnut explaining bonds but the total financial set up in TV Is convoluted. I am a newbie myself but up north when property taxes were increased dramatically some on fixed income lost their long time homes.

When we moved here 15 years ago I saw 2 bumper stickers that I liked a great deal:
1 - SNOWBIRDS.... taste like chicken.
2 - We DON"T care how you did it up North!

The questions in your post are good ones. I asked them too..... just before moving here. But better late than never!

The answers to your questions can be found online or in person from the Government either County or District.

[Velvet]

The wise learn from others’ mistakes. There is something about reinventing the wheel....

Please understand I am not only or even primarily, asking these questions for myself.

[perrjojo]

The millage rate is a bit of a shell game.
The rate can be lower but your property value can be raised and you still pay more. The mileage can be higher and your property value lower and you pay less. This is a “proposed” increase. I am eager to see the end result. Fingers crossed.

[Bogie Shooter]

Originally Posted by Velvet

To understand the differences;
What does property tax cover?by county
As compared to Maintenance fees?
And Amenities?
Are there any other fees in TV besides paying off the original bond?
I saw the video from Goldwingnut explaining bonds but the total financial set up in TV Is convoluted. I am a newbie myself but up north when property taxes were increased dramatically some on fixed income lost their long time homes.

Originally Posted by Velvet

Very helpful. Thank you. I guess I was wondering what exactly does Say, Sumter property tax cover? Schools, fire etc roads including Morse. How is it calculated? When you are asked to pay for something don’t you want to know what it is for and why the amount? Particularly when there is suddenly a large increase?

What is a Maintenance assessment?

Amenity fees

Amenity Fees

Solution: Waiver of Amenity Fees?

Property Taxes - Randy Mask - Sumter County Tax Collector

http://sumterpa.com/

https://www.propertyshark.com/mason/.../Sumter-County

[Bogie Shooter]

Originally Posted by Velvet

The wise learn from others’ mistakes. There is something about reinventing the wheel....

Please understand I am not only or even primarily, asking these questions for myself.

/////

[Velvet]

Obviously, there has been a lot of past interest in these questions. I always felt that the sum of the whole (community) is always more than just the addition of its parts.
Like up north, (please forgive the comparison, I just couldn’t help myself) there seems to be a lot of information on HOW they collect property tax. I wish I could attend the meetings for the discussions so I hope someone will summarize them here at TOTV if they can.

Again, most helpful information.

[Villageswimmer]

Originally Posted by Carla B

"How much is the increase?" On a homesteaded property, assuming the assessed value remains the same as last year at a little over $300K, the increase will be $320. Of course, the assessed value remaining the same is doubtful.

Why do you think the assessed value will change? In my experience, it hasn’t changed often and I’ve even seen it lowered.

[EdFNJ]

By FL law the assessed value of a home (primary residence w/homestead exemption) can only increase 3% or the percent change in the CPI (Consumer Price Index), whichever is less. I guess that is better than "unlimited"
"Save Our Homes" Amendment and Its Effects - Rick Singh, CFA - Orange County Property Appraiser

[OrangeBlossomBaby]

Originally Posted by Villageswimmer

Why do you think the assessed value will change? In my experience, it hasn’t changed often and I’ve even seen it lowered.

Why would you think that it wouldn't change if, as you state, you've seen it change, and have even seen it lowered (which is a change)?

Assessed property values change. That's why they do assessments every so often; to decide whether or not to change them that year, and if so, how much, in which direction (more or less).

Our property value up north was supposed to be reassessed every 10 years, OR if there needed to be a special exception (like a hurricane blew the garage away or Space Force landed a satellite in the built-in pool and melted it into what the neighbors now call Modern Art).

The last time they did an assessment of ours, they didn't include the bonus room (which is insulated and under heat, our house doesn't have central air) in the square footage, and they included a built-in pool that doesn't - and never did - exist. It also included a long strip of square footage of the side of our property, which we deeded over to the senior housing behind us and enjoy a right-of-way to it instead, since our driveway was built off of theirs, when they created the housing development back there.

Our taxes based on this assessment went up around $400. I went to the assessor's office, we duked it out for around a half hour, and our taxes went back down around $35 less than they were the year before.

[Villageswimmer]

Originally Posted by Jazuela

Why would you think that it wouldn't change if, as you state, you've seen it change, and have even seen it lowered (which is a change)?

Assessed property values change. That's why they do assessments every so often; to decide whether or not to change them that year, and if so, how much, in which direction (more or less).

Our property value up north was supposed to be reassessed every 10 years, OR if there needed to be a special exception (like a hurricane blew the garage away or Space Force landed a satellite in the built-in pool and melted it into what the neighbors now call Modern Art).

The last time they did an assessment of ours, they didn't include the bonus room (which is insulated and under heat, our house doesn't have central air) in the square footage, and they included a built-in pool that doesn't - and never did - exist. It also included a long strip of square footage of the side of our property, which we deeded over to the senior housing behind us and enjoy a right-of-way to it instead, since our driveway was built off of theirs, when they created the housing development back there.

Our taxes based on this assessment went up around $400. I went to the assessor's office, we duked it out for around a half hour, and our taxes went back down around $35 less than they were the year before.

Maybe I wasn’t clear. I didn’t say it wouldn’t change. I simply asked why poster said it would likely change (presumably, somehow related to the 25% increase). I have no idea and thought the poster could shed some light on her supposition.

[Carla B]

Originally Posted by Villageswimmer

Why do you think the assessed value will change? In my experience, it hasn’t changed often and I’ve even seen it lowered.

Assessed Values & Millage Rate for the same parcel with no taxable improvements or additions since construction:

2009 285,451 5.8017
2010 276,857 6.1123
2011 275,757 6.1096
2012 274,150 6.1067
2013 280,080 6.2200
2014 284,280 5.9000
2015 286,550 5.7000
2016 288,550 5.5900
2017 294,610 5.5200
2018 300,790 5.3365

You're right that it has been lowered at times, probably as a result of the Great Recession. From 2014 it has steadily increased, again probably because of the economy. It will be interesting to see what happens to the millage rate this year.

[Villageswimmer]

Originally Posted by Carla B

Assessed Values & Millage Rate for the same parcel with no taxable improvements or additions:

2009 285,451 5.8017
2010 276,857 6.1123
2011 275,757 6.1096
2012 274,150 6.1067
2013 280,080 6.2200
2014 284,280 5.9000
2015 286,550 5.7000
2016 288,550 5.5900
2017 294,610 5.5200
2018 300,790 5.3365




You're right that it has been lowered at times, probably as a result of the Great Recession. From 2014 it has steadily increased, again probably because of the economy. It will be interesting to see what happens to the millage rate this year.

Thanks. That’s interesting. Overall, the assessment increased just 15k over 9 years. Not bad.

[pauld315]

Originally Posted by Villageswimmer

Thanks. That’s interesting. Overall, the assessment increased just 15k over 9 years. Not bad.

Assessment went up as the millage rate decreased. They call this being revenue neutral. It is done often in municipalities to keep the revenue they collect the same