In 2023, most Disney Vacation Club resorts experienced an under-estimation of their Ad Valorem taxes. This miscalculation will lead to a balance payable by numerous owners in the early part of 2024. Among all properties, Disney’s Beach Club Villas owners will face the most significant adjustment.
Understanding Your Annual Dues
Disney Vacation Club owners are charged annual dues that consist of three parts: the operating budget, capital reserves, and ad valorem taxes. Despite the fixed nature of the operating budget and capital reserves, ad valorem taxes are approximations that can be adjusted based on the final assessments.
The Impact Of Under-Estimated Taxes
The majority of resorts located at Walt Disney World had their taxes under-estimated for the 2023 calendar year. Consequently, owners of these resorts will see an additional charge in January 2024 to compensate for this discrepancy.
Resort-Specific Breakdown Between Estimated & Actual Taxes
The comparison of estimated and actual taxes for each resort on a per-point basis is as follows:
- Animal Kingdom: Over-estimated
- Bay Lake Tower: Under-estimated
- Beach Club Villas: Under-estimated
- BoardWalk Villas: Under-estimated
- Boulder Ridge: Under-estimated
- Copper Creek: Under-estimated
- Grand Floridian: Under-estimated
- Old Key West: Under-estimated
- Polynesian Villas: Under-estimated
- Riviera Resort: Under-estimated
- Saratoga Springs: Under-estimated
The Determination Of Property Values & Tax Rates
Property valuations are conducted by officials from Orange County and Osceola County, while tax millages are set by various municipalities. The final calculations will be carried out by Disney Vacation Club.
Owners of Disney Vacation Club resorts should prepare for adjustments to their 2024 dues as a result of the under-estimated property taxes in 2023. The specific adjustments will depend on the resort and will be included in the January 2024 billing.
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