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Old 09-18-2019, 03:58 PM   #1
cpnkirk
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Default 2019 Tax Appraisal

The tax appraisal is out, and Copper Creek was hit hard this year. I'll be surprised if Disney doesn't appeal this one like they did last year! Ouch on those of us who own @ CCV, this will mean a big increase in MF if it stands!

https://dvcnews.com/index.php/dvc-pr...ct-dvc-resorts
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Old 09-19-2019, 12:30 PM   #2
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Quote:
Originally Posted by cpnkirk View Post
The tax appraisal is out, and Copper Creek was hit hard this year. I'll be surprised if Disney doesn't appeal this one like they did last year! Ouch on those of us who own @ CCV, this will mean a big increase in MF if it stands!

https://dvcnews.com/index.php/dvc-pr...ct-dvc-resorts
Holy fudge sickles. Were they successful with their last appeal?

From reading the article, though, it sounds like millage went down and CCV's increase is due mostly to new inventory being declared?

I could see an increase for BCV that might be gondola based, but that's a lot. What would increase property value there? And same for Grand Floridian.

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Old 09-19-2019, 12:37 PM   #3
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Boo! Glad we only own 70 points there. I am happy to forget about adding any more there.
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Old 09-19-2019, 12:47 PM   #4
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Awful about CCV!!!

Dont understand my BCV. Why would we pay for the gondolas?
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Old 09-19-2019, 12:48 PM   #5
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Originally Posted by carolina_yankee View Post
From reading the article, though, it sounds like millage went down and CCV's increase is due mostly to new inventory being declared?

Dirk
Yep - the article states that pretty clearly. If that's the case, it should ease the pain for any raise in MF's. New inventory means new contracts sharing the burden, so the impact should be buffered.
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Old 09-19-2019, 01:31 PM   #6
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Im not going to worry about it. Some years resorts pay more than others. Its all part of ownership. Funny how the talk of MFs start making people think twice about purchasing. Up to now, several were ready or did purchase.

My thoughts are if these MFs cause so much anxiety best not to own. These are things out of our control. Hopefully DVC mitigates anything too outrageous.
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Old 09-19-2019, 01:56 PM   #7
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I can see where more declared inventory @ CCV would cause the increase, but was that much declared? Enough to triple the value?
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Old 09-19-2019, 02:04 PM   #8
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Originally Posted by BWV Dreamin View Post
Im not going to worry about it. Some years resorts pay more than others. Its all part of ownership. Funny how the talk of MFs start making people think twice about purchasing. Up to now, several were ready or did purchase.

My thoughts are if these MFs cause so much anxiety best not to own. These are things out of our control. Hopefully DVC mitigates anything too outrageous.
I agree, buttttttt. At this rate MF will at some point cost more than cash rooms or at lease rental prices. That is my fear. Then what is the point to own and who will then buy this product. I am sure MF are also padding their pockets some how and somewhere.
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Old 09-19-2019, 02:17 PM   #9
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I agree, buttttttt. At this rate MF will at some point cost more than cash rooms or at lease rental prices. That is my fear. Then what is the point to own and who will then buy this product. I am sure MF are also padding their pockets some how and somewhere.
Rental prices should reflect any increases in MF though. And maybe it's me, but rooms are still sky high too....
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Old 09-19-2019, 12:37 PM   #10
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Quote:
Originally Posted by cpnkirk View Post
The tax appraisal is out, and Copper Creek was hit hard this year. I'll be surprised if Disney doesn't appeal this one like they did last year! Ouch on those of us who own @ CCV, this will mean a big increase in MF if it stands!

https://dvcnews.com/index.php/dvc-pr...ct-dvc-resorts
Does it necessarily mean a big increase? I mean I expect a decent increase every year but if more people are paying into the pot now shouldn't that sort of lessen the blow?
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