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Thread: 2017 Property Taxes Less Than Estimated for WDW DVC Resorts

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    Default 2017 Property Taxes Less Than Estimated for WDW DVC Resorts

    Orange County, Florida has issued its 2017 proposed property tax notices and they appear to represent good news for most members, particularly owners of Copper Creek Villas & Cabins at Disney's Wilderness Lodge.



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    The final set of public hearings by the separate taxing authorities on their mill rates were originally scheduled to be held between September 7 and 14, 2017. I don't know whether Hurricane Irma forced some of these public hearings to be rescheduled. However, in the past these hearing have been more of a formality and have not resulted in any substantive changes.

    I was surprised more DVC resorts didn't see increases in their property appraisals. Over the last few months much has been made about the disputes between Rick Singh, the Orange County Property Appraiser, and Disney and the other theme park operators in Orange County (see More Lawsuits Filed Over Florida Property Taxes). Perhaps there is a temporary truce between the parties that will hold for 2017, and we'll see some changes in 2018.






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    Copper Creek might be following the pattern set by the Polynesian Villas & Bungalows in 2015, 2016, and 2017.

    Poly sales started in January 2015 and Disney estimated its 2015 tax amount would be $1.4717 per point. However, the Polynesian was appraised at only $3,500 and its 2015 tax amount ended up being only $0.2019 per point.

    For 2016, Disney estimated its 2016 tax amount would be $1.5364 per point. However, the Polynesian was appraised at only $78,502,970 and its 2016 tax amount ended up being only $0.4944 per point.

    Now, in 2017, the Polynesian is fully declared and built our, so its appraisal value and taxes have increased accordingly.

    Following the Polynesian's path, Copper Creek will probably see a jump in its appraised value in 2018, but it won't be until 2019, at the earliest, that we will see its appraised value reach its true value.






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    Great article Wil!

    Quote Originally Posted by wdrl View Post
    Copper Creek might be following the pattern set by the Polynesian Villas & Bungalows in 2015, 2016, and 2017.

    Poly sales started in January 2015 and Disney estimated its 2015 tax amount would be $1.4717 per point. However, the Polynesian was appraised at only $3,500 and its 2015 tax amount ended up being only $0.2019 per point.

    For 2016, Disney estimated its 2016 tax amount would be $1.5364 per point. However, the Polynesian was appraised at only $78,502,970 and its 2016 tax amount ended up being only $0.4944 per point.

    Now, in 2017, the Polynesian is fully declared and built our, so its appraisal value and taxes have increased accordingly.

    Following the Polynesian's path, Copper Creek will probably see a jump in its appraised value in 2018, but it won't be until 2019, at the earliest, that we will see its appraised value reach its true value.
    Very interesting point. For years, many have said DVD/DVC artificially keeps dues low while resorts are not "sold out". Immdiately after a resort becomes sold out, dues suddenly rise.

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    Quote Originally Posted by imdizfan View Post
    Very interesting point. For years, many have said DVD/DVC artificially keeps dues low while resorts are not "sold out". Immdiately after a resort becomes sold out, dues suddenly rise.
    Disney would have been within its legal right to set Copper Creek's 2017 annual dues at $5.7204 per point, which would have made the new resort's annual dues the third cheapest among the 10 WDW DVC resorts. Instead, it set the annual dues amount at what Disney anticipates the taxes may be in two or three years.

    It makes me wonder how many Copper Creek sales Disney has lost because its saddled with a higher annual dues amount.






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