After a tax dispute with the Orange County Property Appraiser’s Office, Walt Disney World will be receiving a refund for property taxes in the amount of $1.2 million. The dispute was over the property value of Disney’s Beach Club and Yacht Club Resorts. According to OCPA, the assessed property value of those resorts in 2015 was $337 million. Disney disagreed and brought forth a lawsuit, claiming the resorts should only be valued around $189 million. The judge in the case agreed, noting that the way OCPA assessed the property was incorrect.
Rick Singh, the Orange County Property Appraiser issued a statement about the ruling. “The judge’s decision to reduce the market value in the disputed assessment will result in a refund of over $1.2 million that Orange County Public Schools received in tax dollars from Disney.” He also said that they stand behind their methodology and that “with all due respect to the judiciary, the court’s decision was grossly flawed and full of inaccuracies, and we will immediately file a motion for re-hearing this case.”
A Disney spokesperson responded, saying that the assessment by OCPA was inaccurate. The refund will come from the Florida Department of Revenue and not those schools. “We are pleased with the judge’s ruling, which confirms the property appraiser’s methodology was inappropriate and unconstitutional, and led to an unlawful 118 percent increase in the assessed value of Disney’s property.”
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