2007 Maintenance Fees

[Doctor P]

Since 2006 taxes were estimated at $.8501 and 2007 reportedly estimated at $1.10, the actual '06 taxes would be somewhere in that range. The maximum under-charge for '06 would be around $.2499 per point--probably a little less than that as I assume they are accounting for yet another increase in '07.

To those not aware of how this works, the taxes are one portion of the dues that DVC can only estimate on an annual basis. The final figures are not known until later in the year when Disney receives a bill from Orange County.

If you are paying dues monthly and DVC under-estimates the prior year's taxes, the January payment will consist of 1/12th of the projected dues for the new year plus ALL of undercharged taxes from the prior year.

If the 2007 dues for SSR are $4.12 per point, the January payment for someone with 150 points could be as much as $89. That's $51.50 as 1/12th of the 2007 dues plus a max of $37.50 for the additional '06 taxes. The dues for Feb to Dec would be just the $51.50.

While your statements are logical, they do not reflect the reality of the relationship between actual taxes and the estimated taxes. For example, here are the numbers for last year's taxes:

BCV .8363 (estimated 05), .9893 (actual 05), .9270 (estimated 06)
OKW .8507 (estimated 05), 1.0005 (actual 05), .8880 (estimated 06)
HH .2560 (estimated 05), .2295 (actual 05), .2560 (estimated 06)

Things can be all over the board. We have even had years where actual was less than estimated and the estimate went up for the following year.

 

[nuts]

Since the increase is capped at 15%, the most they can be is $5.3935 per point (which is the 2006 amount plus 15%).

I believe the 15% cap is restricted to the maintenance portion of the fees. Property tax is not restricted. If our friends in Fl decide to raise our property taxes, or vote for a special timeshare tax, well, we will be stuck with it.

 

[cobbler]

Well hopefully TJ's info is accurate that way my extra January payment will only be $55. That would be nice.

I bought in 05 so I did receive the 06 tax bill for the over/under estimated taxes but I can't remember when I received it.

About when do we receive the bill??

 

[kdzgon]

Just one more thing no one happened to mention while I was evaluating purchases...Just curious - what happens if you are a new owner? If the seller agreed to pay all 2006 MF, would that include the adjustment as well? What if it is a purchase through Disney?

 

[AnnaS]

I just received mine for OKW yesterday. Has anyone received it for BCV? (I am usually a little late in getting mail ) Thanks. I pay in Jan. the lump sum on my Disney Visa (for the rewards) - just curious how much more.

 

[tjkraz]

Just one more thing no one happened to mention while I was evaluating purchases...Just curious - what happens if you are a new owner? If the seller agreed to pay all 2006 MF, would that include the adjustment as well?

I doubt it. If you buy resale, the deal would be consumated based upon all information available at the time of closing.

What if it is a purchase through Disney?

It should be the same pro-rated share based upon the time of purchase.

 

[InstImpres]

FYI I was just on with member accounting.
Vero and HH info was mailed yesterday
BCV, VWL, BWV mailed today

She said they don't give them the info for a day or 2 after the mailings so she couldn't give me the dues amounts but I expect we'll see posts of someone getting it by the weekend.

 

[Kupiecb]

I spoke with my Disney adviser and was told that the fees for Hilton head will be increased quite a bit. He told me that there was alot of damage to the resort due to bad weather last year and alot has to be done. Therefore our fees are increasing for 2007. I cant remember the exact amount but if you own at Hilton head you may want to contact Disney just to ask so you can prepare yourself.

 

[ilovepooh]

Thanks InstImpress for the heads up. I will let you know when I get my VWL tax bill. I hope it's not too much!

 

[ilovepooh]

I still haven't received my VWL maint. bill. Did anyone else get theirs yet?

 

[Doctor P]

I still haven't received my VWL maint. bill. Did anyone else get theirs yet?

No one has gotten a bill yet, and won't till around Xmas or a little after. All that is being sent out right now is budget material.

 

[WiseGirl]

Just received the info. yesterday - Boardwalk's estimated dues are $4.8512 per point for 2007. Still waiting for HH.

 

[InstImpres]

ok, here are the new numbers:
VWL $4.73
HH $4.98
BCV $4.63

 

[Doctor P]

ok, here are the new numbers:
VWL $4.73
HH $4.98
BCV $4.63

WOW!!! That is a big jump at HH. If I remember correctly, last year was about 4.65.

 

[gtrist4life]

OK,

Before I update and post a new table with History and percentage changes
Here's what I have for 2007
Resort - $ - % Change

OKW 4.4 - 3.8%
BWV 4.85 - 3.4%
VB 5.63 - 6.8%
VB sub 4.39 - 6.6%
HH 4.98 - 14.7%
VWL 4.73 - 2.6%
BCV 4.63 - 3.3%
SSR 4.12 - 3.5%

DoctorP - What I have for HHI last year is 4.34

Beach resorts definitely seeing the impact of recent storm/hurricane repairs

 

[RobDoc]

WOW!!! That is a big jump at HH. If I remember correctly, last year was about 4.65.

It's worse than that- HH was $4.34 for 2006.

 

[Doctor P]

It's worse than that- HH was $4.34 for 2006.

Thanks, I guess.

 

[kdzgon]

OK,

Before I update and post a new table with History and percentage changes
Here's what I have for 2007
Resort - $ - % Change

OKW 4.4 - 3.8%
BWV 4.85 - 3.4%
VB 5.63 - 6.8%
VB sub 4.39 - 6.6%
HH 4.98 - 14.7%
VWL 4.73 - 2.6%
BCV 4.63 - 3.3%
SSR 4.12 - 3.5%

DoctorP - What I have for HHI last year is 4.34

Beach resorts definitely seeing the impact of recent storm/hurricane repairs

It's the second consecutive large increase for HH, although VB is not nearly as large a jump. Is there a subsidy this yr at either VB or HH? Would be interesting if there are subsidies at the on-site resorts but not off-site.

 

[InstImpres]

It's the second consecutive large increase for HH, although VB is not nearly as large a jump. Is there a subsidy this yr at either VB or HH? Would be interesting if there are subsidies at the on-site resorts but not off-site.

We've got a great deal $.04 on the HH subsidy (Not that it is a huge difference but interesting the VWL and BCV are at $.11)

Funny thing is I bought an HH contract as extra points, going against the buy where you want to stay, as I make many reservations within the 7 mnth window and HH had the lowest dues

 

[InstImpres]

OK,

Before I update and post a new table with History and percentage changes
Here's what I have for 2007
Resort - $ - % Change

OKW 4.4 - 3.8%
BWV 4.85 - 3.4%
VB 5.63 - 6.8%
VB sub 4.39 - 6.6%
HH 4.98 - 14.7%
VWL 4.73 - 2.6%
BCV 4.63 - 3.3%
SSR 4.12 - 3.5%

DoctorP - What I have for HHI last year is 4.34

Beach resorts definitely seeing the impact of recent storm/hurricane repairs

Actually now that I take 10 seconds instead of 2 seconds to look they have a line in it that says the assessment is xxx percent over 2006 and xxx percent compound annual growth rate

HH is 14.8% and 5.7%
VWL is 2.5% and 4.5%
BCV is 3.4% and 4.2%
BWV is 3.4% (as listed) and 2.5% for any who was comparing

looks like we all round differently.


I wish I was more organized to easily put my hands on last years HH doc to see the big increase category. Hopefully one of you is more organized than me.