[Bill14564]

Originally Posted by claylayer

How much money are we talking about? We bought a home for $350,000.00. How much more does this 25% increase cost per year to fuel all of this new growth? Just moved here .

We just moved here so I'm still playing catch-up but from what I have found so far:

- The increase in fees is much more than 25%. Currently a developer is assessed 40% of the maximum allowable impact fee. One proposal is to nearly double that to 75% and another is to go even further and raise it to the full 100%.

- Inside The Villages (TV) the current assessment for a single-family home is about $950. Under the largest proposal, that assessment would go up to about $2,500. I could have paid another $1,600 for my home and not even noticed it.

- The increased fees affect both those inside and outside TV. We are mostly all pretty fortunate inside TV; we are mostly retired and chose to move here knowing what the costs were. Not everyone outside TV can say that.

- Outside TV the current assessment for a single-family home is about $2,500. Under the largest proposal, that assessment would go up to about $6,350. I probably would have noticed a $4,000 increase.

- A fast-food restaurant is assessed something close to $29,000 per 1,000 square feet. A Chik-fil-A must be at least 2,000 square feet so it would be assessed at least $58,000. Under the largest proposal, that assessment would go up to about $145,000. I'm absolutely sure someone would notice that additional $85,000!

(Source of numbers: Sumter County Road Impact Fee Schedule 10/1/2020)

It would be easy to accept a $1,600 increase on my home but it's probably not so easy for someone outside TV to handle an additional $4,000 and it could be a deal-breaker to ask a fast-food restaurant to pay an additional $85,000 before the first $3 sandwich was sold.

Is it right to view TV as a cash cow and ask everyone of the homeowners to pay $350/year to reduce the fees on new construction? That's one of the items the new Commissioners ran against so it appears that homeowners don't think so. if my current understanding of the situation is correct (the $85,000 increase) then we may find that it isn't possible to have our cake and eat it too.

Someone who has studied this more may be able to provide better insight.

[dewilson58]

Originally Posted by Bill14564

We just moved here so I'm still playing catch-up but from what I have found so far:- The increase in fees is much more than 25%. Currently a developer is assessed 40% of the maximum allowable impact fee. One proposal is to nearly double that to 75% and another is to go even further and raise it to the full 100%.- Inside The Villages (TV) the current assessment for a single-family home is about $950. Under the largest proposal, that assessment would go up to about $2,500. I could have paid another $1,600 for my home and not even noticed it.
- The increased fees affect both those inside and outside TV. We are mostly all pretty fortunate inside TV; we are mostly retired and chose to move here knowing what the costs were. Not everyone outside TV can say that.
- Outside TV the current assessment for a single-family home is about $2,500. Under the largest proposal, that assessment would go up to about $6,350. I probably would have noticed a $4,000 increase.
- A fast-food restaurant is assessed something close to $29,000 per 1,000 square feet. A Chik-fil-A must be at least 2,000 square feet so it would be assessed at least $58,000. Under the largest proposal, that assessment would go up to about $145,000. I'm absolutely sure someone would notice that additional $85,000!
(Source of numbers: Sumter County Road Impact Fee Schedule 10/1/2020)It would be easy to accept a $1,600 increase on my home but it's probably not so easy for someone outside TV to handle an additional $4,000 and it could be a deal-breaker to ask a fast-food restaurant to pay an additional $85,000 before the first $3 sandwich was sold.Is it right to view TV as a cash cow and ask everyone of the homeowners to pay $350/year to reduce the fees on new construction? That's one of the items the new Commissioners ran against so it appears that homeowners don't think so. if my current understanding of the situation is correct (the $85,000 increase) then we may find that it isn't possible to have our cake and eat it too. Someone who has studied this more may be able to provide better insight.

Welcome to TV!!!!!

Couple more soundbites to chew on.........:
The 25% increase in County taxes generated $50,000,000.
The new County commissioners ran on, "Reverse the 25% increase & make TV pay thru increased Impact Fees"
Doing the math: $50mil / 3,000 new homes = $16,000 increase/house



So the campaign promise will create a new Impact Fee of ~$17,000 per new house constructed.

And voters fell for this.

[richs631]

Originally Posted by CWGUY

Sorry..... wrong. That rec. center is owned by The Developer not the residents or The District. They PAID $135,000 in property taxes on that bldg. in 2020. As a County resident, I think it's nice they let the County use it. The info. is out there for anyone who wants to get the facts.

You may have go info online but let’s use a little common sense. $135,000 in property taxes, I doubt that.

[Larchap49]

Originally Posted by Marathon Man

I happened to be at Everglades. I spoke with some of those who showed up in their trucks. There were working men who are concerned about job cuts if future developement slows down. It appears that their words were listened to and considered.

This thinking that "The Developer" makes all things evil happen gets a little silly at times.

Here is another thing to think about. Sumter county is not just residents of The Villages. It would be extremely selfish of us to ignore the needs of the many working people who want to feed their families.

Development will slow down regardless. Especially when the inevitable inflation and recession from all the money printing kicks in, and believe me it will kick in. Things change and TV is not immune to that. The future of this country is not bright so buckle up and hold on.

[Nick B]

The good ol boys will vote against their best interest every time. As we have seen

[richs631]

Originally Posted by JoMar

The reality of what will happen when development slows down is starting to sink in. If only everything was as simple as voters sometimes think it should be. We constantly complain about health care and empty stores, that COSTCO or TJ's (and others) won't build here yet we want to push higher costs on them by charging higher impact fees which are passed on which changes their business plan. When costs become too high, business will pass on by or leave, look at the States up north that are losing business to more friendly States. Make Sumter a non friendly business location and they will move on. Revenue vs Cost, always the decider.

Be careful what you wish for. Making Sumter a non business friendly county is a double edge sword. No money from business = more money from home owners

[dewilson58]

Originally Posted by richs631

You may have go info online but let’s use a little common sense. $135,000 in property taxes, I doubt that.

Look up the parcel................the tax bill IS $135k.
Facts are better than a LITTLE common sense.

[Bill14564]

Originally Posted by claylayer

How much money are we talking about? We bought a home for $350,000.00. How much more does this 25% increase cost per year to fuel all of this new growth? Just moved here .

I wrote a lot in my earlier post but didn't answer the question you asked.

For the last few years the millage rates have been:
5.5900
5.5200
5.3365
6.7000 (the increase of 25%)
6.4390 (a decrease of 4%)

If you take 5.3365 as the starting point then the increase was 1.3635 per thousand dollars of assessed value. For a $350,000 home the increase would be $477 in additional taxes.

[merrymini]

I love voting people in to fix a problem and then for them to become the problem.

[budfor]

Originally Posted by Northerner52

What was going on at Everglades last night. The entire parking lot was filled with huge dump trucks, cement mixers and cars.

Getting ready to fill the new sinkholes.

[tophcfa]

Originally Posted by dewilson58

They did..............the "rollback candidates" rolled over from their promises.

Unlike the former commissioners, at least the new ones actually acknowledged the presence of, and listened to the concerns of, those opposing a controversial issue.

[biker1]

Maybe not, it could be less. Is the house homesteaded? If so, take $50K off before multiplying by the millage rate. There could be some other reductions also.

Originally Posted by Bill14564

I wrote a lot in my earlier post but didn't answer the question you asked.

For the last few years the millage rates have been:
5.5900
5.5200
5.3365
6.7000 (the increase of 25%)
6.4390 (a decrease of 4%)

If you take 5.3365 as the starting point then the increase was 1.3635 per thousand dollars of assessed value. For a $350,000 home the increase would be $477 in additional taxes.

[Stu from NYC]

Anyone notice that the developers newspaper aka the Village Sun had about the most one sided article in history against this tax increase.

Guess they do not need an editorial page just make "news articles" tell you how they feel.

[Aloha1]

Originally Posted by camelbob

Issues tabled until July. Let's see what happens then. If nothing----time to find replacements for the EMS individuals in the next election. Back peddling?

Time for a recall. People are now waking up to reality.

[Aloha1]

Originally Posted by tophcfa

You are correct, the headline of the article in the Daily Sun was very misleading. The commissioners are not proposing a tax increase, they are proposing that the impact fees necessary because of new development be paid by others besides existing residents of the county. It is easy to see the confusion the misleading headline would cause to those who have not been following the situation.

A rose by any other name is still a rose.