DUES Info! - All resorts dues have been released

[VGCgroupie]

Do these tax credits happen often or is that more expected with the "for sale" resorts?

I think it can happen with all of them.

 

[Girlstar30]

The tax adjustment happens every year as DVC is estimating how much tax is going to be billed. There’s always some difference.

Oh yeah I think I remember reading that mine were underestimated

 

[airjay75]

Do these tax credits happen often or is that more expected with the "for sale" resorts?

I think RIV's large tax credit this year was unusual and a result of a quirk described in this article:

https://dvcnews.com/dvc-program-men...l-tax-rates-for-walt-disney-world-dvc-resorts

"The Cabins at Disney’s Fort Wilderness Resort and Disney’s Polynesian Villas & Bungalows are not yet fully declared and had more inventory added since the 2024 appraisal was made. Thus, their assessment values are not limited to a 10% cap as other fully declared resorts. Disney’s Riviera Resort is also not yet fully declared but the Orange County Property Appraiser still capped its non-school assessment value at 10%."

It sounds like fully declared resorts generally have a 10% cap on one of the assessed values. Although RIV is not yet fully declared, they decided to cap it anyways. I think that resulted in the amount of estimated property taxes exceeding what was due by quite a bit.

Really, for every other resort, the amount of the tax credit/debit was pretty minimal.

 

[Girlstar30]

I think RIV's large tax credit this year was unusual and a result of a quirk described in this article:

https://dvcnews.com/dvc-program-men...l-tax-rates-for-walt-disney-world-dvc-resorts

"The Cabins at Disney’s Fort Wilderness Resort and Disney’s Polynesian Villas & Bungalows are not yet fully declared and had more inventory added since the 2024 appraisal was made. Thus, their assessment values are not limited to a 10% cap as other fully declared resorts. Disney’s Riviera Resort is also not yet fully declared but the Orange County Property Appraiser still capped its non-school assessment value at 10%."

It sounds like fully declared resorts generally have a 10% cap on one of the assessed values. Although RIV is not yet fully declared, they decided to cap it anyways. I think that resulted in the amount of estimated property taxes exceeding what was due by quite a bit.

Really, for every other resort, the amount of the tax credit/debit was pretty minimal.

I was just hopeful that I missed some sort of credit

 

[arich35]

I am sure this has been answered but when do I have to have automatic payments set up to avoid late fees?

 

[Sandisw]

I am sure this has been answered but when do I have to have automatic payments set up to avoid late fees?

I belive you have to turn it on by January 15th. Late fees don’t kick in unit Feb 15th, but someone mentioned that auto pay is only an option until the actual due date in January.

 

[DVCSunDevil]

And even setting that aside, you have to decide whether you trust Disney to be more or less sensible. The documents are written in such a way that Disney has total control over the resorts, and the owners don't even have the ability to elect the Board members, because we grant DVC the right to vote on our behalf.

So, you have three choices

1. Assume that Disney is a reasonably reputable and honest operator.
2. Assume that Disney is not such an operator, but decide that the costs are such that you still get value from owning.
3. Sell.

Pick one.

Full disclosure: I am somewhere between #1 and #2, mostly sitting at #1. But, when I take a good hard look at what my cost per night is in just Dues for my preferred lodging choices, I do sometimes have to swallow hard. It's not cheap, even if the purchase price were free---and it wasn't.

Well said. I tend to lean towards #1. That said, DVC has made some decisions that border on questionable. For example, remember the whole point chart fiasco a few years ago? They were called out for it. There are some DVC fan sites that have discussed in good detail that DVC isn’t forthcoming with info when asked about many issues.

Does this mean they are fraudulent with how they do their dues? Most likely not. But do I 100% trust DVC to always do right by their members? Nope. They are a business and they will tweak things whenever possible to benefit their bottom line.

 

[muppets3d]

Well said. I tend to lean towards #1. That said, DVC has made some decisions that border on questionable. For example, remember the whole point chart fiasco a few years ago? They were called out for it. There are some DVC fan sites that have discussed in good detail that DVC isn’t forthcoming with info when asked about many issues.

Does this mean they are fraudulent with how they do their dues? Most likely not. But to I 100% trust DVC to always to right by their members? Nope. They are a business and they will tweak things whenever possible to benefit their bottom line.

The "bottom line" shouldn't be part of the dues calculation - our dues pay for the maintenance and upkeep of the resorts, they are not a profit center for DVC.

 

[Sandisw]

The "bottom line" shouldn't be part of the dues calculation - our dues pay for the maintenance and upkeep of the resorts, they are not a profit center for DVC.

The line items for operating costs themselves are based on the estimated expenses, some of which come for Disney when they bill us for the services we pay them for…like housekeeping, etc.

But, the 12% fee we pay them may indeed provide them with revenue…that is fixed.

 

[muppets3d]

The line items for operating costs themselves are based on the estimated expenses, some of which come for Disney when they bill us for the services we pay them for…like housekeeping, etc.

But, the 12% fee we pay them may indeed provide them with revenue…that is fixed.

Well unless Housekeeping and DVC conspire to overbill and pocket the overage for example, the most DVC should make is that 12% fee minus expenses.

 

[Sandisw]

Well unless Housekeeping and DVC conspire to overbill and pocket the overage for example, the most DVC should make is that 12% fee minus expenses.

Remember, DVD guarantees owners the estimate amount in exchange for only covering the shortfall if one exists. They do not pay per point owned on the same way we di.

So, they don’t necessarily pay the same per point… in that sense, they could end up with fewer expenses than the rest of us when all is said and done.

I was just pointing out that DVC gets revenue from many sources beyond the 12% fee and that the amount of profit in the 12% management fee is completely up to them based on how they run the program.

Breakage income, OTU points, exhanges, rentals of the their own points.

I wasn’t implying that Disney charges DVC costs for housekeeping or other expenses that are tied to costs but it’s not DVC who determines what we pay the other division…it’s the hotel side that bills us.

Just helping to explain for those who may not be aware of how it is set up.

 

[DVCSunDevil]

The "bottom line" shouldn't be part of the dues calculation - our dues pay for the maintenance and upkeep of the resorts, they are not a profit center for DVC.

I agree, it shouldn’t.