[CTgolfer]

We are retiring end of this year and visiting TV for the first time winter 2009. Over the years we have visited many retired friends in FL (Palm Beach, Naples, Palm Harbor). We've always taken the opportunity to look at real estate to help us determine where we want to retire. All reators have always told us the same thing: real estate taxes are based on 2.5% of the sale price. However...... I don't see that same percentage ratio in TV, or am I misunderstanding something. For example, if a home sells for $200,000, real estate taxes would be $5,000. What have I misunderstood?

[TomW]

Sumpter County uses 85% of the selling price times their millage rate per thousand and an additional $371 for the fire and waste districts. The 2007 millage rate was 15.2313. So for a $200K home you would take the millage rate times 170 and add $371 to get your approximate annual property tax. If you purchase in a village that is located in Marion or Lake County, the millage rate and any fire/waste rate will differ from Sumpter.

S-U-M-T-E-R