2017 BWV Dues Comparison (FWIW...)

[Maverick]

Attached is the projected 2017 BWV dues breakdown, increase $, increase %, etc. for the three major categories and significant sub-categories. I did not list every subcategory - Just picked out some with larger dollars (cents) per point.

Interesting to see the big Front Desk decrease, big housekeeping increase and big ad valorem tax increase.

I saw posted somewhere else that the BWV total member dues cost increase was over 5% for 2017, but I came up with 4.81%.

Over the last 10 years, BWV dues increase has averaged just under 3% compounded which is very reasonable (IMHO) compared to other cost increases at Disney like hotel, tickets and food.

Hope this helps!
Mav

 

[BillPA]

So, DVD raises our taxes almost 13% Any idea why? It must be nice to be able to just raise your tax base when you want raise some cash. Does any one audit this?

 

[suebeelin]

Could the fact that there' so much changeover (ppl staying only a few days) cause the significant increase in housekeeping? The housekeeping has never been that great at BWV....

 

[BillPA]

Could the fact that there' so much changeover (ppl staying only a few days) cause the significant increase in housekeeping? The housekeeping has never been that great at BWV....

I missed that increase. I will expect clean rooms with that big of an increase.

 

[OKW Lover]

So, DVD raises our taxes almost 13% Any idea why? It must be nice to be able to just raise your tax base when you want raise some cash. Does any one audit this?

DVD has no control over the property taxes.

 

[disneynutz]

DVD has no control over the property taxes.

Isn't Reedy Creek receiving a portion of the property taxes? Ready Creek is the government agency set up by Disney for Disney. My understanding is that they receive revenue from property and sales taxes.

Bill

 

[hakepb]

Isn't Reedy Creek receiving a portion of the property taxes? Ready Creek is the government agency set up by Disney for Disney. My understanding is that they receive revenue from property and sales taxes.

Bill

I'm not sure about FL, but in IL, the county establishes their 2017 budget, then they divide the budget by the tax rate to determine total county evaluation. Then the county total evaluation is divided among the properties. Some values go up and others may go down, but property tax values happen to average a 3% increase.
(I went through that whole mess when sub-dividing a lot. The county appraiser literally doesn't know what new property will be worth before that annual process)

City's portion of property taxes are then based on what the county sets.


But back to DVC, several years back SSR increases were minimal due to low resale prices resulting in lower assessments. Now resale prices are up, so I would expect property taxes to go up unless all county real-estate was booming)

 

[drusba]

In Florida, property values are assessed annually and it is supposed to be set at fair market value but they can deduct certain things that can bring that value lower. The assessments are issued in August. You can appeal and many do and often some deductions are made. Any particular Disney resort can potentially receive a higher percentage increase in an assessment than another resort. Tax rates, called millage (per thousand) rates, are then set by the local government bodies, which would include Reedy Creek and Orange County. Though you have numbers by end of the year, they are estimates that may change somewhat and ultimately the amounts become certain by March 31 when the first of two annual bills for taxes is issued.

The DVC budget issued in December estimates what the taxes will be in the next year based on whatever estimates are appearing at that time from the government agencies, and members pay that estimate as part of dues. If the actual taxes end up being less than the estimate, then the members are given a credit for the excess in the following year's budget via a deduction from the following year's ad valorem budget amount. If the actual taxes end up being more than the ad valorem estimate for dues, then Disney pays the difference and adds the additonal amount to the ad valorem estimate for the next year. Both those situations have occurred in the past. It is possible that the $.20 increase in the tax estimate for BWV for the 2017 dues reflects at least partly an additon from 2016 because the actual taxes were greater than the budget estimate made in Dec 2015 for 2016.

The housekeeping increase reflects about a total of a $300,000 increase of an already $7 million budget for housekeeping from 2016. I have doubts that reflects any great increase in anything except likely some increase in annual wages and benefits and costs of replacing items. I also own AKV, also previosuly having a budget over $7 million for housekeeping, and it is showing a more than $300,000 annual increase for housekeeping.

 

[LauraLea]

DVD has no control over the property taxes.

http://www.wdwinfo.com/news-stories/orlando-theme-parks-sue-orange-countys-property-appraiser/

Orange County Appraiser seems to be very aggressive. He was re-elected last night.

Laura

 

[OKW Lover]

He was re-elected last night.

Originally I said "He ran unopposed", however I was wrong as @LauraLea pointed out. Sorry for the misinformation.

 

[OKW Lover]

Isn't Reedy Creek receiving a portion of the property taxes? Ready Creek is the government agency set up by Disney for Disney. My understanding is that they receive revenue from property and sales taxes.

Bill

Yes, Reedy Creek does receive a portion of the property taxes. Yes, it is the government agency that Disney created in the 60's. Reedy Creek follows the same practices as any municipality. It does not generate a profit. It simply provides services like fire, safety, building codes, energy and infrastructure, which is paid for by the taxes it collects.

 

[LauraLea]

He ran unopposed

The results I saw showed an opponent that received 39% of the votes to his 60%.

Laura

 

[OKW Lover]

The results I saw showed an opponent that received 39% of the votes to his 60%.

Laura

Yes, you are correct. I was thinking of a different race.