Copper Creek Reduced tax assessment

[sky2823]

To those on the savvy about property taxes. I get that it’s short-term reduction for copper creek, but since it is so sizable is there any chance some (more than a rounding error) of the tax reduction sticks and CCV dues are reduced long-term? The article in DVC news stated it’s an unusually large reduced assessment

 

[drusba]

I do not know what actually happened. DVC news indicates there was a reappraisal that reduced the property value for tax purposes. If that is what actually happened then there is a chance the reduction will stick for a while. When CCV originally went on sale, Disney provided estimated dues that seemed high in comparison to others and the major difference with other resorts appeared to be the property taxes. If the county appraiser, in his annual appraisal, has now reappraised the property as having a lower assessed value, something extremely unusual for the existing appraiser who campaigned on the promise to greatly raise assessments for all resort properties, and who usually will not lower outrageously high resort-related assessed values except at the point of a legal gun to his head, then that means even he conceded the values were excessive, which means they may stay lower for at least a few years, with the result that the tax portion of dues will also stay lower.

 

[BillPA]

To make it look better they raised BRV 10%, how nice of them.

 

[Lakegirl]

To make it look better they raised BRV 10%, how nice of them.

I thought that was quite unreasonable!

 

[sky2823]

What is weird is that the total assessed value for CCV was in $30m before the reduction down to $10m? Am I reading that right?

That is approx. 1/3 of BRV.

It almost seems like a typo, where $30m was the number during construction and it should be $100m this year and they need to move the decimal.

Look at how Poly increased

 

[StitchesGr8Fan]

We just closed on CC last week. Do we know what the dues are going down to per point?

 

[Bing Showei]

We just closed on CC last week. Do we know what the dues are going down to per point?

The dues for you may not go down for 2019. Save for the prorated 2018 dues you paid (for which you will receive a credit adjustment on your 2019 statement), you’ll have to wait until December 13 to see how Copper Creek ADs will head for 2019.

 

[DenLo]

Keep in mind that the assessment was done in early Spring 2018. At that point it is quite possible that sales of CCV were much lower, athough that assessment seems extra low to me. I expect that next time they will raise the property evaluation to be much higher. And when the CCV is sold out it will go up again.

I wouldn't be surprised that BRV's assessment has been lower the last few years because of the construction and now Orange County is raising it as fast as they can. All the changes due to CCV also has increased the value of BRV because of the larger secondary pool, Geyser Point, the BBQ pavilions the larger basketball court and even the cabins. They make the area look attractive as far as real estate is concerned. Of course BRV owners will feel differently because they have lost their Wilderness.

 

[Frederic Civish]

We just closed on CC last week. Do we know what the dues are going down to per point?

Fat chance that DVC Dues will EVER go down. Disney will find something that they ‘need’ to fix.
The best you can hope for is that dues might be more stable, and not go up as fast, at CC for a few years

 

[CarolMN]

Fat chance that DVC Dues will EVER go down. Disney will find something that they ‘need’ to fix.
The best you can hope for is that dues might be more stable, and not go up as fast, at CC for a few years

Believe it or not, dues for some resorts have gone down a time or two in the past. Hasn't happened for a while, though.

 

[Bing Showei]

Believe it or not, dues for some resorts have gone down a time or two in the past. Hasn't happened for a while, though.

Save for CCV this year. $0.07/point lower from 2017 to 2018.

 

[Henwen88]

If that's the actual assessment and not a decimal typo, I am over here doing the happy dance! Over a dollar per point credit for taxes. Woo-hoooo!

 

[Tigger2ntinkerbell]

I'm sorry this sounds all jumbled to me.
Could someone please tell me what AKV taxes will be.
TIA

 

[wdrl]

If that's the actual assessment and not a decimal typo, I am over here doing the happy dance! Over a dollar per point credit for taxes. Woo-hoooo!

Its not a typo. Here is the tax bill from the Orange County portion of Copper Creek's property taxes for 2018 showing the assessed value is $10,616,381.00:

 

[Henwen88]

Its not a typo. Here is the tax bill from the Orange County portion of Copper Creek's property taxes for 2018 showing the assessed value is $10,616,381.00:

Thank you for all the research you do! You rock