Fort Wilderness vs Poly

[mustinjourney]

Yep, that's part of what is being litigated right now. Right now, there's a big gap between appraised value and taxable value for many parcels, and the comparison with other parcels in Orange County is challenging. OC may not get the full value they're seeking right now, but I do think there will be a big jump in taxable value. In general, the use a piece of land is put to has always been a part of determination in almost every major jurisdiction. Valuation can (and often does) change as use changes. That SuperFund site gets cleaned up and gets used for housing? Big jump in tax valued rate. A strip mall blows up because of a meth lab? Valuation dives.

I think the litigation will land with taxable value considerably higher, but not as high as current appraiser wants, and possibly phased in over 5-10 years.

is there a way to actually read the lawsuit complaint? I tried searching orange county's website, but nothing came up when I searched tax litigation.

 

[_auroraborealis_]

My understanding is that there are roughly a dozen (!) lawsuits filed by Disney in Orange Circuit Court. So I'd look there.

 

[mustinjourney]

My understanding is that there are roughly a dozen (!) lawsuits filed by Disney in Orange Circuit Court. So I'd look there.

found it. I had to search Rick Singh as a party instead of Disney.

https://myeclerk.myorangeclerk.com/DocView/Doc?request=56082477&eCode=FKtaAT/aCj8ip35ZH5ywNjNr4T2dgrCAJ0OQaUGFxG+3LF7xNkERBh37r25IAcOsSgeL+mPifOQ4feUsUrXquTJBwQ0u7UDeqYILPniwlmo=

The complaint doesn't actually say much -- just that the value includes certain intangible property (presumably IP/Goodwill), and is therefore in violation of the Florida constitution.

 

[disneynutz]

I find it interesting that reedy creek which is run by Disney is one of the tax jurisdictions that receives income from property tax.

Bill