Email Newsletter

Register with DVCNews.com and you will be automatically subscribed to our weekly email newsletter.  All of the week's news delivered to your inbox every Monday.  

Also, follow us on your favorite social media platform.

mt_ignore: Facebook  mt_ignore: Twitter  mt_ignore: RSS  

Heard any good Disney Vacation Club rumors or news?  

Have photos to share from your recent stay?

Contact Us

We would love to hear from you!

No Tax Break for DVC Members

Written by Tim on . Posted in Financial News


In an attempt to ease the tax burden on residents, Florida recently passed a law requiring municipalities to cut 3-9% of their property tax collections.  However, the law includes a provision which allows a municipality to avoid the tax cut with the approval of 2/3 of its governing body. 

According to the Orlando Sentinel, the Reedy Creek Improvement District will not implement the tax reduction:

“With Disney's blessing, Reedy Creek has informed the Orange County Property Appraiser's Office that it intends to override the property-tax rollback that state lawmakers imposed on local governments during a June special session.

Reedy Creek officials say abiding by the rollback would force them to eliminate $1.2 million in spending from about a $52 million operating budget.

That, they say, is simply too much to absorb for a district that covers nearly 25,000 acres and provides ambulance service, building inspections, mosquito control and more for Disney World and related businesses.”

Property taxes represent about 15-20% of the Annual Dues obligations imposed upon DVC members. 

Source:  Orlando Sentinel

Reader Comments
Be the first to comment!

Forum Discussion Topics

Twitter

DVCNews RT @BarrieDVCRental: The Boardwalk Villas are getting all spruced up! ~ Barrie http://t.co/rUJuNxmG8h
18hreplyretweetfavorite

Upcoming Events

Wed Oct 22 @14:00 - 03:00PM
Welcome Home Wednesdays
Thu Oct 23
Happy Birthday, Grand Floridian!
Wed Oct 29 @14:00 - 03:00PM
Welcome Home Wednesdays

Referral

Considering taking a DVC tour or ordering a promotional video?
Before you do, CONTACT US for a referral from a DVC member.  You will be helping to support DVCNews.com and, when available, it will grant you access to special pricing offered only to buyers referred by an existing member!!!