Home Buying in The Villages>Question Details

Sgoldie, Home Buyer in The Villages, FL

What is the HOA cost for say a $100,000 home in the Villages and what would the taxes be?

Asked by Sgoldie, The Villages, FL Wed Sep 15, 2010

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Hi Sgoldie, Thanks for the opportunity to answer your question. HOA fees are consistant in The Villages with every property that is currently closed, no matter what the price of the property the HOA fee is $135.00 I like to think of it as no resident has any more right to the amenities than any other resident. As far as taxes are concerned, The Villages spans into 3 different counties and each county has its own tax base. The only other consideration is if you were to Homestead (be a Florida resident). As a Florida resident your tax base is reduced by $50,000: a $100,000 tax appraised would be reduced to taxes based on $50,000. Following is the tax rate for each county at $100,000: Lake $17.66 per thousand plus non ad valorem; Marion $17.6611 per thousand plus the non ad valorem, Sumter $14.077 per thousand plus non ad volorem. Please be aware that properties in Marion and Sumter counties could also have a bond attached to the property. The bond balance is amortized and principle and interest is collected once a year with the taxes. Marion and Sumter county properties are also "governed" by the Community Developement District the property is located in. Part of the CDD's job is to create a budget for the district. This budget is funded by a factor times the square footage of the site the property is located on. TOTAL BUDGET DIVIDED BY THE TOTAL SQUARE FOOTAGE OF THE DISTRICT -THAT AMOUNT MULTIPLED BY THE SQUARE FOOTAGE OF YOUR SITE , not the square footage of the house. Hope this helps answer your question. Please let me know if I can be of further help.

A moment ago - Delete this answer
0 votes Thank Flag Link Thu Sep 16, 2010
Hi Sgoldie,
Regardless of what the purchase price , the 'Amenties fee' In The Villages is approx $135 per month
Taxes could vary a little as there are '3' counties Lake, Sumter & Marion )
If the home is a primary residence you can apply for homestead exemption which would be a least a 25 thousand dollar deduction, you then are taxed on the difference.. ie 75K therefore lower taxes..
that being said.. on the 100K probably looking at about 1,400 a year.. I hope this helps and feel free to
contact us if we can be of further service!!
Sunshine Gals ( Sherry )
0 votes Thank Flag Link Wed Sep 15, 2010
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