How much ... ?

[qdog]

Over the past few weeks, I have noticed several references to the real estate component of the annual dues.

How much do these taxes amount to? Have they changed over the years?

Thanks, as always, for the info!!

 

[PamOKW]

Every year DVC estimates the real estate taxes and every year they end up deducting an overcharge from the total yearly dues bill. I can give you some info on what they charged over the years (without including what was rebated at the end of the year).

At OKW in 1995 the charge was $.8447 per point. That has decreased over the years. For 2001 the charge is $.7157 per point.

At Vero the 1996 real estate tax charge was $.7164 per point. For 2001, it's $.4884 per point.

 

[qdog]

Thank you, Pam. Does anyone have figures for BWV or HH or ... ?

 

[DebbieB]

Boardwalk -

1999 .3272 Final - Not sure what happened that year, it was the year I bought. Estimate was .8058, resulting in a big credit on the 2000 dues.
2000 .6954 Final
2001 .7166 Estimate

 

[qdog]

In the short time I have been using this board, I have never been disappointed! You-all always come through with great information.

 

[Caskbill]

Note that when you do your income taxes, if you're eligible to deduct this tax, you can only deduct the 'actual' amount paid. As stated, Disney has charged an 'estimated' amount for the year, then rebates back the difference between what they charged you, and what was actually paid, in the form of a credit toward the next year's dues. ( you don't actually get a rebate check)

Here's what OKW has been according to my records:

2001 .7157 (estimated)
2000 .7707 (estimated), .6940 (actual)
1999 .7974 (estimated), .6881 (actual)
1998 .8150 (estimated), .7734 (actual)
1997 .8995 (estimated), .7851 (actual)
1996 .9077 (estimated), .7809 (actual)
1995 .8447 (estimated), .7666 (actual)
1994 .7450 (estimated), .7141 (actual)
1993 .7175 (estimated),

I also noticed, on two different OKW contracts I had, the estimated amount rates were different by a penny. I believe they may actually change the estimated amounts throughout the year, so depending on when you purchase, the tax estimate may be different.

Also, for 1993 my actual was only .3019/point and then prorated for 179 days (200 points) and 25 days (additional 85 points) for a total tax bill of $31.37. I have no idea why the actual that year was so low.

Caskbill