Dues AND Property Taxes? Am I missing something?!?

Discussion in 'Purchasing DVC' started by pfsrw, Apr 15, 2004.

  1. pfsrw

    pfsrw Earning My Ears

    Joined:
    Mar 31, 2004
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    Yikes! Maybe I'm missing something, but I've been under the impression that the Annual Maintenance Dues INCLUDED the bill for property taxes....

    Am I wrong?!? (Hopefully not!)

    If property taxes are a separate bill from Annual Maintenance Dues, can someone give me a rough idea of what the taxes run?

    (Please pardon my ignorance....I'm just a new DVC owner, trying to comprehend everything I'm reading on this Forum, amongst my excitement at going home to SSR in 8 months!!!!) :eek:
     
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  3. Pa@okw95

    Pa@okw95 Guest

    Yes, the bill you get late in the year includes the taxes. It is broken down so you can see what is taxes and what is maintenance.
     
  4. Caskbill

    Caskbill <font color="blue">DVC-Operations<br>DVC-Planning< Moderator

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    Your first statement will show estimated property taxes and how much they are taking as part of your maintenance fee.

    The next year your statement will show estimated for the next year, but actual for this year. If you itemize deductions, you can deduct the actual taxes paid.

    They will adjust next year's estimated payments based on whether they over-withheld or under-withheld this year.

    Hope this helps.
     
  5. CarolMN

    CarolMN DVC Co-Moderator Moderator

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    To sum it all up - no need to worry about property taxes until tax time. Taxes are included in your dues, they are not "an extra".

    Best wishes -
     
  6. bwvBound

    bwvBound DVC SSR & other timeshare

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    I think you'll find your answer in the document titled PURCHASE AGREEMENT, section 20: Annual Dues.

    The section breaks down the estimated $3.80/point figure into separate dues ($3.0214/pt) and taxes ($0.07791/pt).
     
  7. pfsrw

    pfsrw Earning My Ears

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    Mar 31, 2004
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    Thanks to all, for the info! You guys actually answered another question I had, about the billing. Take care! ::MinnieMo
     

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