SIGNIFICANT dues increase

[SteffyLou]

Hi Everyone,

We just received our bill in the mail today and are completely confused. The actual due percentage did not increase a lot, however property taxes skyrocketed from last year. It is showing our 2014 property taxes were $10.92 for AKL (160 points). This year it is showing estimated 2015 taxes as $245! How could it go up SO much in one year???? Is everyone's bill like this? We have owne for 6 years and never seen something like this.

 

[kristenrice]

The small number is the amount that they underestimated the 2014 ACTUAL taxes. The 2015 amount is the ESTIMATED taxes.

In 2014, we paid $119.64 for the ESTIMATED 2014 taxes. The ACTUAL amount of the taxes was $125.50 so it says that our 2014 property taxes are $6.86, but that is just the remaining balance since we paid the $119.64 in January 2014.

 

[nkosiek]

Without seeing your bill or owning at AKV, I'm imagining you're seeing that you owe $10.45 for last year's property taxes after having paid whatever the estimate was on last year's statement. I'd imagine if you looked at last year's statement, I'd imagine that it states 2014's property taxes as over $200.

 

[wdrl]

AKV's actual property tax rate for 2014 was $1.2650 per point. The estimated property tax rate for 2015 is $1.3483, an increase of 6.58%. As others have posted, the seemingly small amount of tax paid in 2014 actually represents only the difference between the estimated tax amount and the actual tax amount.

 

[vicki_c]

Yes, my SSR bill looks the same showing $9.64 in 2014 taxes on the right. But that's just the total between the credit for the amount amount paid in 2014 (shown as estimated on the left) and the actual amount in 2014 (shown as actual on the left).

 

[SteffyLou]

Ok thank you. I didn't read it boles enough and was having a heart attack by what seemed to be a crazy jump in price!

 

[jodiey]

So on top of the yearly maintenance fee you have to pay property taxes too??

 

[kristenrice]

So on top of the yearly maintenance fee you have to pay property taxes too??

The property taxes are rolled in to the maintenance fees, but they are listed as a separate line item because that portion is tax-deductible for many owners. It just makes it easier come tax time.

I own 100 points at AKV and 50 points at HHI. Our dues statement shows that the TOTAL amount we owe for 2015 is $964.08, and of that amount, it shows that $149.18 is the estimated 2015 property tax. It is not the $964.08 PLUS the taxes. When you see the annual dues listed for a resort, that includes the property taxes. The property taxes are not IN ADDITION to that amount.

 

[heynowirv]

So on top of the yearly maintenance fee you have to pay property taxes too??

Y yes,since you're buying an interest in the property Real Estate taxes are included.

 

[jodiey]

The property taxes are rolled in to the maintenance fees, but they are listed as a separate line item because that portion is tax-deductible for many owners. It just makes it easier come tax time. I own 100 points at AKV and 50 points at HHI. Our dues statement shows that the TOTAL amount we owe for 2015 is $964.08, and of that amount, it shows that $149.18 is the estimated 2015 property tax. It is not the $964.08 PLUS the taxes. When you see the annual dues listed for a resort, that includes the property taxes. The property taxes are not IN ADDITION to that amount.

Whew thanks, I almost had a mini panic attack thinking I'd have to tell my husband we needed to shell out even more money!