WDW Property Tax millages reduced

[CarolynFH]

Two views of the same subject:

https://www.wdwinfo.com/news-storie...oposes-tax-cuts-for-disney-surrounding-areas/

https://dvcnews.com/dvc-program-men...isney-property-unlikely-to-benefit-dvc-owners

 

[Sandisw]

So, it sounds like the reduction may simply help offset the increase due to higher valuation?

 

[supersnoop]

So, it sounds like the reduction may simply help offset the increase due to higher valuation?

Yup, that's how property taxes work. Rate x Value = Amount Collected. The taxing entities are limited in how much they collect, so if the value goes up, the rate goes down, and the amount stays roughly the same.

 

[CarolynFH]

Yes, sounds like they may offset each other. Depends on how much the property assessments change.