Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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It was NOT a 25% increase across the board period. Pull your last couple of years tax bills only a small portion went up and it was not 25%. Mine went up about $200 total big deal first time since 2009.
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Patchogue, NY; Village of Bonita Sept.09 |
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#32
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A couple things here. I am doing my research as others in here have suggested I do before I purchase.
I thought the bond was to pay for the infrastructure here. Is it not? Either the taxes in Sumter went up 25% or either they did not. I have read many stories/articles saying they did. |
#33
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#34
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Among other things, the bond pays for the amenities such as the executive golf courses, guard shacks at the gates, and rec centers.
The Sumter "tax" bill actually has 5 components: county tax, school tax, SWFWMD (water management), fire department, and maintenance. Also on the "tax" bill is your bond payment (interest and principal) but I will exclude that from further discussion since many people choose to pay it off and will have a value of zero for their bond payment. The county tax went up about 25% (actually the millage rate increased by about 25%) and the county tax is about about half of the total "tax". The other 4 components didn't significantly change so for many people their "tax" bill went up about 13%. If you still have a bond payment and computed the percentage change in your "tax" bill from the previous year then the percentage change would be less than 13% since the fixed bond payment is a pretty good percentage of the total "tax" bill. Further complicating the computation of the percentage increase in the "tax" bill is the fact that some people had a change in the assessed value of their home so their county tax may have gone up by more than 25% (and the school tax would have also increased). Quote:
Last edited by tuccillo; 02-05-2020 at 11:24 PM. |
#35
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Others have said that the bond does not pay for things such as golf courses, swimming pools, etc. Isn't that what the amenities fee is for? As such, what is in essence a tax free municipal bond pays for private golf courses and such? Thanks again. Just trying to learn. |
#36
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The amenities fee (about $155 per month for most homes and paid to the CDDs) pays to maintain the amenities (executive golf courses, rec centers with pools., etc.). The bond paid for their initial construction plus other infrastructure. The other golf courses (the 18 hole championship courses) are owned and run by the Developer and are not funded by the amenities fee.
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#37
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Do not worry about things you can not change |
#38
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It burns me that my tax dollars are funding the new infrastructure the Developer is building for future residents. That is just WRONG!
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#39
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You go GOLFING EAGLE, Love it, needs to be said
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#40
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In most areas the developer pays for the infrastructure (roads) by developer fees these run about $20,000 per home. The Morse’s pay $900. The entire counties taxes went up because now the tax payers are paying for this cost instead of the developer. This cost is usually built into the price of the home. |
#41
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#42
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Civil enough for me.
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#43
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In most areas of the country the infrastructure in a new development is paid for by the developer, which of course means the new homeowner. So what is the difference to a new home buyer in TV of a 20K bond or 20K in tax----zero. What's the difference to a lifelong resident of rural Sumter Co. that owns a third generation home paid off long ago---probably pretty large. In essence, it is not the taxpayers subsidizing the "ultra rich" developers, it is all the taxpayers of the county subsidizing mostly northern transplants inside the Villages. That being said, the taxpayers of the Villages subsidize other projects within Sumter Co. Does anyone doubt that TV has been a miracle for the county, which at one point was the poorest county in Florida? Remember, this entire thread started with the OP babbling on about the "ultra rich" developers. IMHO, the whole country could use more "ultra rich" developers that build what we have here. |
#44
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The individual was very civil, what is your problem?
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#45
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Infrastructure has always been paid through impact fees paid by the developer/builder. These were lowered by the hand-picked commissioners this past year and loaded into a 25% tax increase. You NY people that keep saying everything is great here because in NY it is more sound nuts to me. Since when is NY the model we all should aspire to? If you like the Morses deciding 100% of what goes on in Sumter county keep the current yes-men in office. I think it is time for new blood and new thinking.
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