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  #16  
Old 08-28-2016, 09:14 AM
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Nucky Nucky is offline
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Quote:
Originally Posted by ugotme View Post
Approximately $14,000/year on a (less than) quarter acre lot in Bethpage, LI, NY

Big difference to the $1,700 I will pay here!
Unbelievable! What a crime.
  #17  
Old 08-28-2016, 09:39 AM
Fraugoofy Fraugoofy is offline
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Quote:
Originally Posted by 2BNTV View Post
I received my tax trim notice yesterday and noticed my taxes are going down a few pennies for next year.

This is a foreign concept for someone who came from the northeast part of the US.

I was paying over $4400 a year for a postage stamp size condo in CT. I paid less than $1200 last year in taxes. Life is good in TV.

I was wondering how much taxes people were paying before they moved to TV and what they are paying now!

Care to share?
...

Last edited by Fraugoofy; 11-23-2016 at 11:16 PM.
  #18  
Old 08-28-2016, 11:04 AM
capecoralbill capecoralbill is offline
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Bought here year and a half ago, lost prior owners SOH, plus sumter raised my Market Value by 7660. which is UP 4.5 percent. I paid 230,000 for a 3 2 2 ranch 17 years old. my new proposed tax is 1709.00, not including non advorlem which is 374.00.
Wonder why Sumter says my market value went up , Zillow says it went DOWN approx 2 %. Then add in the annual Amenity fee of 1740. and i'm paying 3823 per year. Back in the Buffalo NY suburbs my taxes would have been approx 4800. So, it is a bit less expensive here, but really we pay a premium here in the Villages due to the amenity, which i believe is worth it.
  #19  
Old 08-28-2016, 01:22 PM
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Although my taxes are "only" $3,200 I consider that as only a portion of my "total" tax bill which includes the maintenance fee, bond, and if I wanted to stretch it, the amenity fee. Which comes to $6,800 per year or about a grand less then what I'm paying in NY. Although, only the $3,200 is tax deductible. Good thing Sumter is the third cheapest in the state.
  #20  
Old 08-28-2016, 03:29 PM
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My taxes were about triple in NJ. for a home (not counting basement) of the same size.
However I do have a few expenses in Fl that were included in my NJ taxes.

What I do not understand is how the assessor computes the market value on a new home. It does not seem to relate to what was paid for the home in my neighborhood. The assessments are less that what was paid. Anyone know the answer?
  #21  
Old 08-28-2016, 06:18 PM
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Back in Ohio we were paying $3800. When we moved to TV in 2012 our Ad-Valorem taxes were about $1200. When my husband applied for the $5000 Disabled Veterans exemption, we were told he could also get Disabled Veterans Homestead Property Tax Discount. Imagine our surprise when we received our trim notice saying our taxes this year would be $430.
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  #22  
Old 08-28-2016, 06:45 PM
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Quote:
Originally Posted by rjm1cc View Post
My taxes were about triple in NJ. for a home (not counting basement) of the same size.
However I do have a few expenses in Fl that were included in my NJ taxes.

What I do not understand is how the assessor computes the market value on a new home. It does not seem to relate to what was paid for the home in my neighborhood. The assessments are less that what was paid. Anyone know the answer?
If I remember correctly, my RE agent told me
tax assessments are based on 85% of market value.
This was for property in Sumter county.
  #23  
Old 08-28-2016, 08:19 PM
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Originally Posted by Fredster View Post
If I remember correctly, my RE agent told me
tax assessments are based on 85% of market value.
This was for property in Sumter county.
I'll test a few and see if they are all discounted by the same percent. Any idea why the discount?
  #24  
Old 08-29-2016, 03:11 AM
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Michigan we are $3200.00 on half acre. Here $4900, with bond
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  #25  
Old 08-29-2016, 10:14 AM
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In Urbana, Ohio we pay $1955 on .86 acres. Here $6,076 combined taxes and assessments with Bond. Ouch. Once the Bond is paid in full and we live full time in Florida, the taxes should be about the same I hope.

Last edited by twoplanekid; 08-29-2016 at 10:21 AM.
  #26  
Old 08-29-2016, 10:49 AM
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Think of bond as a second mortgage rather than a tax. It is paying for the infrastructure. In a typical new home, infrastructure cost is added to selling price.
  #27  
Old 08-29-2016, 12:26 PM
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We are from NJ and pay almost $14,000 in property taxes for a 50' x 100' lot. We just purchased a home in TV and will pay approximately $2,800 in taxes, but it will be less when we move here full time, in addition to the $250.00 reduction in taxes because my husband is a veteran. We can't wait to sell our home and move here full time.
  #28  
Old 08-29-2016, 01:07 PM
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Quote:
Originally Posted by rjm1cc View Post
I'll test a few and see if they are all discounted by the same percent. Any idea why the discount?
Generally properties are assessed at between 80-85%
of market value by taxing bodies.
Here is an explanation that I found.
"In summary an assessed value is the valuation placed on a property by a public tax assessor for purposes of taxation. Fair Market Value on the other hand is the agreed upon price between a willing and informed buyer and seller under usual and ordinary circumstances. It is the highest price which the property will bring when exposed for sale on the open market to a buyer who is purchasing with full knowledge of the properties highest and best use.
"In summary an assessed value is the valuation placed on a property by a public tax assessor for purposes of taxation. Fair Market Value on the other hand is the agreed upon price between a willing and informed buyer and seller under usual and ordinary circumstances. It is the highest price which the property will bring when exposed for sale on the open market to a buyer who is purchasing with full knowledge of the properties highest and best use."
  #29  
Old 08-29-2016, 01:12 PM
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Evidently none of you live in Marion county?
  #30  
Old 08-29-2016, 01:16 PM
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Quote:
Originally Posted by petsetc View Post
Think of bond as a second mortgage rather than a tax. It is paying for the infrastructure. In a typical new home, infrastructure cost is added to selling price.
I consider the interest rate on the bond if it's not paid for same as tax. Money out of my pocket.
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