On November 1, the Orange County Tax Collector issued the final property tax bills for 2017 for the ten Disney Vacation Club resorts located at Walt Disney World.
Disney's BoardWalk Villas
The final tax levies are slightly higher than the tax amounts DVCNews estimated in September due to three revisions:
- The property assessment for Disney’s Polynesian Villas & Bungalows increased from $185,052,762 to $187,365,052
- The mill rate for the city of Bay Lake increased from $1.9165 to $1.9469
- and the mill rate for the city of Lake Buena Vista increased from $1.7285 to 1.7558
All other mill rates and property assessments remained unchanged from the earlier estimates.
Despite these revisions, the final tax bill for each DVC resort at Walt Disney World is still lower than what was estimated when the maintenance fees were set back in December 2016. Thus, owners of those resorts will receive a credit for overpayment of taxes that will be applied to their 2018 annual dues. The amount of the credit ranges from $0.0206 per point for Disney’s Boardwalk Villas to $1.6129 per point for Copper Creek Villas & Cabins at Disney’s Wilderness Lodge.
The chart below shows the final tax amounts for the 10 resorts.
Line #1 - The amount of the discounted property taxes for each resort. By paying the taxes by November 30, 2017, the tax bills are discounted by 4%.
Line #2 - The increase or decrease in property taxes from 2016 to 2017. Seven resorts had overall increases in taxes but two resorts — Old Key West and Saratoga Springs Resort — had a reduction in their property taxes in 2017.
Line #3 - The 2017 tax amount per point.
Line #4 - The tax amounts per point that were previously estimated by DVC and included in each resort’s 2017 maintenance fees.
Line #5 - The difference, per point, between the DVC estimated tax amount and the final tax amount. Since each resort had its taxes overestimated, this line shows the credit that will be applied to the 2018 maintenance fees.
The actual amount of credit received by each owner may prorated if the points were not owned during the entire year.
The chart display above shows the final mill rates for 2017 while the chart below summarizes the property assessment values for the year.
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.”
Looking at the City of Bay Lake's budgets for 2016 and 2017, almost all of its revenues were from ad valorem taxes and "Contributions in Lieu of Taxes." So far, I haven't discovered the source of these contributions or why Bay Lake was receiving them. The 'contributions' were rather significant, amounting to $2,801,563 in 2016 and $1,123,866 in 2017.
However, according to Bay Lake's 2018 budget, it is no longer receiving 'contributions in lieu of taxes.' Without that revenue source, Bay Lake has to rely almost exclusively on ad valorem taxes to fund its operations. This may explain why Bay Lake raised its mill rate so much in 2017.
By the way, the single largest expense for Bay Lake is Public Safety. In 2018, the city will have $14,371,861 in revenues and will pay the Orange County Sheriff $11,984,016.