Copper Creek Actual Dues

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Hail Hydra
Joined
Jan 26, 2018
Messages
42
I bought my DVC contract in 2018 and after doing my research I had a decent understanding of how the dues worked. Then when it was time to pay my dues in 2019 I saw there was a credit when the actual property taxes were less than the estimated taxes. Of course, being a data geek, I started trying to research annual dues accounting for the tax adjustment. Every resource I could find only showed the assessed due and never accounted for actual taxes. Even asking in a couple of DVC forums didn't yield any results. Needless to say, I created a Google Sheet document and started tracking the dues assessment myself. Now that I have a few years of data, I figured I would share what I have.

2017 - $5.7207
2018 - $6.3617
2019 - $7.0270
2020 - $6.1379

Since I don't have the official dues information the COVID-19 credit and 2020 Actual Taxes adjustment is based on information found on various sites.

Link to the Google Sheet page for anyone who is interested: https://docs.google.com/spreadsheets/d/1jLf8tcm_FW5mvyLkyqPAckZ36o_Kea-4XaUrDjRxVoU/edit?usp=sharing

20172018201920202021
Annual Dues Assessment
Annual Operating Budget $ 4.3207 $ 4.2156 $ 4.3429 $ 4.2614 $ 4.3357
Annual Capital Reserves Budget $ 1.1590 $ 1.1930 $ 1.2288 $ 1.2589 $ 1.2897
Ad Valorem Taxes $ 0.2410 $ 0.9531 $ 1.4553 $ 1.4876 $ 1.9649
Credit $ (0.8700)
TOTAL ANNUAL DUES ASSESSMENT $ 5.7207 $ 6.3617 $ 7.0270 $ 6.1379 $ 7.5903
Revenue Components
Interest Income - Taxes and Operating $ 0.0011 $ 0.0012 $ 0.0004 $ - .00 $ - .00
Member Late Fees and Interest $ 0.0420 $ 0.0200 $ 0.0111 $ 0.0270 $ 0.0335
Breakage Income $ 0.1405 $ 0.1387 $ 0.1429 $ 0.1415 $ 0.1442
Member Annual Dues Assessment $ 4.3207 $ 4.2156 $ 4.3429 $ 4.2614 $ 4.3357
Parking Revenue $ - .00 $ - .00 $ 0.0034 $ 0.0079 $ 0.0039
TOTAL REVENUES AND INCOME $ 4.5043 $ 4.3755 $ 4.5007 $ 4.4378 $ 4.5173
Cost Components
Administration and Front Desk $ 0.7391 $ 0.6996 $ 0.7237 $ 0.6809 $ 0.6487
Annual Audit $ 0.0044 $ 0.0081 $ 0.0045 $ 0.0045 $ 0.0045
DVC Reservation Component $ 0.0070 $ 0.0039 $ 0.0057 $ 0.0062 $ 0.0064
Fees to the Division $ 0.0061 $ 0.0070 $ 0.0058 $ 0.0056 $ 0.0056
Housekeeping $ 1.1998 $ 1.1672 $ 1.1692 $ 1.1057 $ 1.2664
Income Taxes $ 0.0162 $ 0.0197 $ 0.0199 $ 0.0364 $ 0.0375
Insurance $ 0.1329 $ 0.0698 $ 0.0609 $ 0.0721 $ 0.0873
Legal $ 0.0003 $ 0.0006 $ 0.0003 $ 0.0003 $ 0.0003
Maintenance $ 0.6678 $ 0.6976 $ 0.6832 $ 0.7249 $ 0.7026
Management Fee $ 0.5113 $ 0.5016 $ 0.5128 $ 0.5042 $ 0.5195
Member Activities $ 0.2107 $ 0.1774 $ 0.3192 $ 0.2652 $ 0.2243
Security $ 0.0772 $ 0.0572 $ 0.0391 $ 0.0445 $ 0.0604
Transportation $ 0.7078 $ 0.7266 $ 0.7853 $ 0.8145 $ 0.7764
Utilities $ 0.2237 $ 0.2392 $ 0.1711 $ 0.1728 $ 0.1774
TOTAL OPERATING EXPENSES $ 4.5043 $ 4.3755 $ 4.5007 $ 4.4378 $ 4.5173
Replacement Fund Components
Capital Reserves $ 1.1590 $ 1.1937 $ 1.2292 $ 1.2889 $ 1.3207
Interest Income $ (0.0007) $ (0.0004) $ (0.0300) $ (0.0310)
TOTAL CAPITAL RESERVES BUDGET $ 1.1590 $ 1.1930 $ 1.2288 $ 1.2589 $ 1.2897
Ad Valorem Taxes
Estimated $ 1.8539 $ 1.8539 $ 1.8539 $ 1.9268 $ 1.9649
Actual Adjustment $ (1.6129) $ (0.9008) $ (0.3986) $ (0.4392) $ - .00
TOTAL AD VALOREM TAXES $ 0.2410 $ 0.9531 $ 1.4553 $ 1.4876 $ 1.9649
 
Are you thinking there is a trend? That CCV get more of a tax credit? Or just for the fun of it to track?

Its interesting to think about tracking actual dues with credits instead of just the posted rate.
 
Not really sure if there is a trend, I was just curious what the actual dues were. Unfortunately, it's not easy to find the historical tax adjusted rate for all the properties otherwise I would have expanded my spreadsheet.

IIRC, when I looking at actual dues for 2020 CCV is the 4th cheapest behind OKW, SSR, and BLT.
 

I haven't seen an actual number for RIV's taxes yet, but once that is factored in you are probably correct.
 
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What other resorts are you waiting on to compare?
I'm not actively hunting down this for all for other resorts as I only own at CCV, if it was readily available I would be happy to add other resorts to my spreadsheet.

love it! depending on how far down the rabbit hole you want to go in your search for knowledge, you can request to review the actual costs for all years you owned CCV (possibly before) from DVC; haven't done it myself but DVC is obliged to allow owners to review their books; not sure what level of detail it will be but it should be more than the summary budgets we receive

also, for anyone chasing down estimates for 2020 excess dues (shutdown related) or 2020 excess property taxes you can fine them here ...
https://dvcnews.com/dvc-program/fin...ers-to-receive-credit-for-excess-dues-in-2020https://dvcnews.com/dvc-program/fin...ting-credits-for-overpaid-2020-property-taxes
Not sure I'm that interested at the moment; most of this stemmed from trying to understand what my actual cost of ownership was.
 
Do any of you deduct DVC property taxes on your annual taxes?
I did before but recently not any longer because of the change made which now prohibits taxpayers from deducting more than $10,000 in state taxes (my Illinois income and property taxes exceed that)

The property taxes are deductible to reach that $10,000 level (and assuming your total deductible expenses exceed the current standard deduction). Nevertheless, you are permitted to deduct only the actual property taxes paid. The estimated taxes that go into your annual dues do not provide the number. You get the actual total property taxes that you have paid when DVC sends out the new annual statements in late December/early Jan, e.g., the statement you received for 2022 dues in late Dec 2021 or early Jan 2022 provides the actual taxes you paid for 2021 that can be deducted on your tax return for 2021.
 
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Not really sure if there is a trend, I was just curious what the actual dues were. Unfortunately, it's not easy to find the historical tax adjusted rate for all the properties otherwise I would have expanded my spreadsheet.

IIRC, when I looking at actual dues for 2020 CCV is the 4th cheapest behind OKW, SSR, and BLT.
You need to keep in mind that BRV shares some of our operating costs for common areas.
 



















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