[twoakers]

My wife and I have been seriously discussing retiring in The Villages in a couple of years. One of the reasons is because the home prices appear to be very reasonable. Recently, I buddy of mine told me that some places in Florida have very high property taxes, to the tune of a few hundred a month. We would be looking at purchasing a home in the $150k to $175k range. Can someone tell me approximately how much our yearly property taxes would be? I would homestead the $50k option I've seen, and I think I can get another $5k drop on the value for being a disabled veteran. Thanks for any help.

[kstew43]

you can look back in the search section for exact numbers.. but
depending on the county you buy in and the city you buy in, if I am not mistaken the millage rates are as high as 15% and as low as 11%.

multiply that times the value of the home and there you go, more than likely from $300 a month with or without the bond/maintence , but I have seen numbers as high as $11,000 a year on a select few with pools and views.

Best thing to do is find a area you like and look up the address in the county tax appraiser site. this will tell you what the owners pay in bond, and maintance plus there regular taxes. you can also do a tax estimator on what you as a new home owner will pay, with or without homestead..

Marioncountytaxappraiser...sumtercountytaxappraise r and lakecountytaxappraiser


good luck with your search.

[dnobles]

I don’t think you’ll find a home in your price range. Even in the older section because they are being torn down and new homes put up. Maybe but few and far between

[graciegirl]

Originally Posted by dnobles

I don’t think you’ll find a home in your price range. Even in the older section because they are being torn down and new homes put up. Maybe but few and far between

There are 21 homes listed in the price range of 150k to 175K on thevillages.com this morning.

[Chatbrat]

You might get a manufactured in the old section--before its torn down

[graciegirl]

Originally Posted by Chatbrat

You might get a manufactured in the old section--before its torn down

There are 21 homes listed on thevillages.com this morning between 150,000 to 175,000.

The Villages are buying some lower priced manufactured homes, removing them and building moderately priced site built homes in their place.

Here is a link to one of them. The Villages aren't making much money on them so I have to think it is their version of Urban Renewal.

Homefinder - The Villages(R) Homes and Villas for Sale

[Topspinmo]

I think depends on which county you buy in. I think Marion county may be the highest, but sumpter county I think had tax hike last year or two? IMO for that priced home (lots more options and locations for around 190k to 225k) I would expect taxes to be $1400. to $2800. Year on most mid range properties. You also need to look if the properties still have bond pay off. Another hidden expense tha can nickel and dime you.

[graciegirl]

Originally Posted by Topspinmo

I think depends on which county you buy in. I think Marion county may be the highest, but sumpter county I think had tax hike last year or two? IMO for that priced home (lots more options and locations for around 190k to 225k) I would expect taxes to be $1400. to $2800. Year on most mid range properties. You also need to look if the properties still have bond pay off. Another hidden expense tha can nickel and dime you.

Taxes didn't get "hiked". Property values went up.

[Topspinmo]

Originally Posted by graciegirl

Taxes didn't get "hiked". Property values went up.

So double wammy for prospect buyer?

[graciegirl]

Originally Posted by Topspinmo

So double wammy for prospect buyer?

There are some people who will find The Villages too expensive.

[mulligan]

My taxes have gone down several times in the past 7 years.

[Chatbrat]

IMHO--TV is not for anyone on a SUPER tight budget--its the lifestyle that costs, shows, dining, sports, & keeping up with jones--lawn maintenance, maybe a roof, water heater a/c replacement--these normally happen on a 10-12 year cycle

https://www.thevillages.com/images/CostofLiving.pdf

[Barefoot]

Originally Posted by Chatbrat

IMHO--TV is not for anyone on a SUPER tight budget.

There are homes in surrounding areas that are much less expensive than The Villages.

[biker1]

YMMV, but typically in Sumter the millage rate gets rolled back if assessed value increases. My Sumter county property tax went down by $10 for 2017 even though the assessed value of the property increased.

Originally Posted by Topspinmo

So double wammy for prospect buyer?