OKW Dues?

[larry_poppins]

Just thought I would start a thread so that when one of us gets a notice concerning 2003 OKW dues, they could post it here!

Larry

 

[JudithM]

Nothing as of today's mail ...

 

[PinkConch]

I got a booklet in the mail today. Looks like a 9.6% increase in fees for OKW owners. "...For example, if the Ownership interest is represented by 230 Vacation Points, the estimated Annal Dues would be $803.71."

 

[ncligs]

Originally posted by PinkConch
I got a booklet in the mail today. Looks like a 9.6% increase in fees for OKW owners. "...For example, if the Ownership interest is represented by 230 Vacation Points, the estimated Annal Dues would be $803.71."

 

[DebbieB]

Originally posted by PinkConch
I got a booklet in the mail today. Looks like a 9.6% increase in fees for OKW owners. "...For example, if the Ownership interest is represented by 230 Vacation Points, the estimated Annal Dues would be $803.71."

$803.71/230 = $3.49 per point, which matches rumors previously posted. 2002 was $3.22?

 

[PinkConch]

I don't exactly know what 2002 dues are per point. I have 230 points and my monthly due payment is $61.11. That's how I came up with the 9.6% increase. Also, "the estimated Annual Dues for 2003 are $3.4944 per Vacation Point....".

 

[DeeP]

An increase in dues from $3.22 to $3.49 at OKW is a 8.4% increase for 2003. So, if you own 300 pts it is only an increase of $81.00 per year.
Just saw the last post so if the new dues are $3.4944 then the increase would be 8.5+% per point. In between 8.5% and 8.6% increase per point.

 

[mnmom22]

I am currently in process of buying a resale at OKW. The agent quoted me $3.49 for 2003 dues. It's still way less than some of the other properties!!!

 

[GAIL HAYDEN]

WOW, that 6.98 more a month will definitely kill me. That is assuming the increase on 230 points. Wish my property taxes here in CT would stay that low.

 

[ncligs]

Originally posted by GAIL HAYDEN
WOW, that 6.98 more a month will definitely kill me. That is assuming the increase on 230 points. Wish my property taxes here in CT would stay that low.

Gail you are right with the above quote. That means for people that smoke

, 1-2 less packs of cigarettes per month will cover the increase of the dues.

 

[GAIL HAYDEN]

Gail you are right with the above quote. That means for people that smoke , 1-2 less packs of cigarettes per month will cover the increase of the dues.

Actually about 11 for the year will do it.

 

[ncligs]

Originally posted by GAIL HAYDEN
Actually about 11 for the year will do it.

 

[Halle]

Just wondering if there is a cap on how much they can raise maintenance fees per year. Good news is bigger tax deduction!

 

[fkj2]

I thought dues increases were capped at an increase of 15% per year. Hopefully, it never gets anywhere near that.

 

[Caskbill]

Originally posted by Halle
Just wondering if there is a cap on how much they can raise maintenance fees per year. Good news is bigger tax deduction!

Only the property tax portion of the dues is deductible. For 2002 OKW property taxes are 0.7608/point, or $175 for 230 points.

We won't know how much of the increase is for taxes until we actually get the statement.