In 2016, appraised property values rose by an average of 7.5% for the nine Disney Vacation Club resorts located at Walt Disney World. This average increase is slightly less than the combined 9.8% increase that occurred in 2015.
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Higher taxes for Bay Lake Tower owners
For the second year in a row, Bay Lake Tower at Disney’s Contemporary Resort had the largest increase in its appraisal value. In 2015, the resort saw an increase of 10.49%; in 2016, Bay Lake Tower’s value has risen another 10.24%.
At the other end of the spectrum, Disney’s Animal Kingdom Villas once again had the smallest increase: 8.77% in 2015 and only 3.26% in 2016.
The chart below shows the appraisal values and percentage increases for the nine DVC resorts at Walt Disney World. Since the Villas at Disney’s Grand Floridian Resort & Spa and Disney’s Polynesian Villas & Bungalows were not fully operational during some years, they received only partial appraisals in those periods.
These property appraisals form the basis for the property taxes that are part of the annual maintenance fees paid each year by DVC members. Appraisals are performed by the county for the entirety of Walt Disney World. In the case of Disney Vacation Club resorts, values are impacted by a variety of factors including direct sale prices of DVC points and resale transfers prices for older resorts.
Disney does have a history of challenging the appraisals, seeking reductions if they feel the county has been too aggressive in its pricing. In recent years, rising assessed values have played a large role in annual dues increases imposed upon DVC owners.
The Orange County Tax Collector will release 2016 property tax statements for each DVC resort by November 1, 2016. DVCNews.com will post that information once it becomes available. Statements detailing annual dues for 2017--including resort property taxes--are expected to be released before the end of November.
Wil Lovato is a contributor to DVCNews.com and has been a Disney Vacation Club owner since 2009. His DVC Home Resorts include Bay Lake Tower, Animal Kingdom Villas, and Aulani. He can be found posting on many Disney discussion forums under the username of “wdrl.”
