Discussion in 'DVC Member Services' started by disneynutz, Nov 26, 2012.
They are both going up the same 4.9%. The subsidized amount originally posted was not correct.
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How did you come up with 1.7%?
I calculate the percentage increase at 2.35%. (4.8129 - 4.7024)/4.7024 = 2.35%
SSR dues for 2012 are $4.7309 per point.
That's not what I've been charged over the course of the past year. I realize it's only $0.03, but the monthly withdrawals equate to 4.7024 per point. Not sure where the discrepancy is.
You would have to look at the details of your dues withdrawl. Any number of adjustments are possible, including a credit based upon overestimation of property taxes in the prior year.
I double-checked the notice from last year and 4.7309 is what DVC published.
Would that be from receiving a credit back from over estimated taxes? I'm not aware what SSR ended up seeing in that area last year though but .03/pt would seem very possible. I think that becomes an adjustment to the total payment when they true up the estimate to the actual but haven't gone into my info to verify. However the way I recall is that I usually end up paying either more or less than the published dues because of it. (I know it's crossed my mind before that I ought to go back and recalculate what the dues actually were because of this adjustment. But maybe I've just lost my mind. ).
Can someone please point me to the MF for all resorts for 2012? I used to have a subscription to the thread but now can't find it.
it's stickied at the top of the forum - "DVC resource center."
Since this is my first full year of paying dues, I'm interested in knowing how it all works. When I went back and looked at the withdrawals I was only able to see back to July on my bank's website. I'll have to go back to my offline records to see what happened before then. Would a credit like you mention have been applied at the beginning of the year? What happens to someone who pays the whole bill in Jan?
I think I'll call Member Accounting and try to figure it all out.
Okay, I figured it out. My effective annual dues were 4.7024 per point plus 4 cents. DVC did indeed publish 4.7309 but there was a $4.24 credit because actual taxes were less than estimated taxes. Mystery resolved.
I will use the 2.35% number for my own sanity since it represents actual cash outlay.
Then it won't be 2.35%. Another adjustment will be applied before 2013 dues are billed based upon the taxes from '12.
Property taxes are never estimated correctly to the cent (or the dollar.) There will always be either a credit issued due to over-estimate or a balance billed from under-estimate.
You are awesome! Thank you!!! I just bought enough to cover my MF and park tickets for next year!
Uuuhh, does this mean that since this is my first year paying dues as a new owner who bought resale, I may have to pay up from the last owner's insufficiency? If they underestimated taxes, it's on me now? I'm guessing it's not a lot, but it's not something I took into account when calculating the value of the contract.
Yes, that is correct. And if it was over estimated you will receive the credit.
Huh. Anyone know the history of how often they underestimate? I'm curious how this works for people who buy from disney direct. Are they also on the hook for the prior year since they probably got those points in their current year for use?
I haven't paid that close of attention but think that 2009 or 2010 was a year where I saw more over estimates. It has varied resort to resort in a single year and one might have been under estimated while another was over estimated. And it's why I was thinking the charts tracking dues really ought to be updated with the difference because they are not actual since DVC can and does either take or give back the tax difference.
We only own 100 points (at AKV) but since 2008, the difference between actual and estimated has totaled less than $10, or about $0.10/point, each year. I don't have the data in fromt of me, but I don't recall any years that the tax was underestimated. In regards to the "value" of a resale, I don't think the discrepancy is enough to change it since it is usually just a few cents on the dollar. Someone please correct me if I'm wrong.
There were a few years when the fees were overestimated and actually resulted in a decrease in maintenance fees the following year. Underestimates have been more common, but rarely have amounted to more than a few $ based on recollection.
The DVC Resource Center has a lot of historical information including the annual fees since 1991 but here is the list thru 2012 (the years bolded are when some resorts annual fees went down due to property taxes):
Year OKW VB(s) VB HH - BWV VWL -BCV SSR AKV -BLT VGC AHV(s) AHV
2013 5.34 5.79 7.40 6.02 5.84 5.79 5.64 4.81 5.67 4.50 4.58 4.70 6.25
2012 5.20 5.58 7.12 5.93 5.62 5.61 5.50 4.73 5.44 4.22 4.33 4.48 5.96
2011 4.98 5.31 6.78 5.68 5.46 5.34 5.28 4.51 5.01 3.89 4.07 4.31 5.73
2010 4.87 5.18 6.61 5.57 5.36 5.20 5.15 4.46 4.95 3.78 3.94
2009 4.73 4.97 6.41 5.36 5.21 5.04 5.00 4.34 4.85 3.67 3.82
2008 4.56 4.71 6.04 5.16 5.04 4.87 4.80 4.21 4.71
2007 4.40 4.39 5.63 4.98 4.85 4.73 4.63 4.12 4.62
2006 4.24 4.12 5.27 4.34 4.69 4.61 4.48 3.98
2005 3.86 3.84 4.87 3.86 4.41 4.35 4.27 3.83
2004 3.68 3.67 4.67 3.70 4.25 4.22 4.18 3.80
2003 3.49 3.37 4.37 3.69 4.11 4.05 3.97
2002 3.22 3.33 4.17 3.49 3.92 3.80 3.77
2001 3.13 2.70 3.98 3.32 3.83 3.63
2000 3.16 2.87 4.07 3.25 3.94 3.62
1999 3.16 2.82 3.99 3.18 4.02
1998 3.17 2.76 ---- 3.20 3.94
1997 3.14 2.90 ---- 3.16 3.84
1996 2.99 2.82 ---- 3.16 3.70
1995 2.84 2.76
The estimates are wrong every year. It isn't until DVC gets the actual statement from the county that they can accurately account for the dollars.
But the variance is never more than a few pennies per point. An owner of 200 points isn't going to see dues impacted by more than $10-20 for the entire year.
If DVC has under-estimated taxes and the member makes monthly payments on their dues, the full adjustment will be billed in January along with 1/12 of the new year dues.
If DVC has over-estimated taxes and there is a credit, it will be spread evenly over all 12 payments for the new year.
So I'm going to come out and say that the values posted by Webmaster Doc are simply misleading. Anyone can go on dvcmember.com and look at their dues. The tax adjustment was put in place before any bill was sent to anyone. So no matter if you paid on a monthly basis or all at once, you still pay the same amount. That amount was NOT $4.73/point this last year for SSR.
This may seem petty and I agree it's not very important. Still, we have an opportunity to be exact and there is no reason not to be.
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