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Post by tomandrobin on Apr 20, 2023 9:19:16 GMT -5
Pretty sure I’ve seen $9 for dues ( obviously not exactly that). And I think an article somewhere said the way the tax is calculated has been revised recently. We will all be paying $9 per point dues this coming year. This resort is looking forward to determine dues.
In 2025, almost all of the DVC dues will be over $10 per point.
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Post by SuzanneSLO on Apr 20, 2023 10:51:14 GMT -5
Timeshares in Anaheim appear to pay transient accommodation taxes based on an agreement with the City. I couldn’t find the Agreement with respect to the Grand Californian Villas but I did find the minutes of the meeting approving the agreement for the DLH timeshares: Anaheim City Council Minutes of October 6, 2020 — Item 9 “Finance Director Debbie Moreno …. reported the new hotel would be 332 rooms, equating to 34% of Disney's current hotel room total. She explained the existing Disneyland Hotel was used as the basis for the proposed TOT - in -lieu payment calculations. She advised the timeshare's TOT for the first year would be based on 34% of the Disneyland Hotel's TOT from the prior year with an inflation factor of 3.2% over each year of the 50 -year operating period. She noted the 3.2% is based on Anaheim hotels where the average daily rate is greater than $150. She advised the City's other timeshares are based on the ConsumerPrice Index (CPI), which has only had a compound annual growth rate of 2.2% over the last 20 years and noted this methodology will be more equitable to the City….” If the same general methodology was used for GCV, then the starting number would have been a % of the prior year TOT paid by the GC hotel. That amount then increased by CPI (historically 2.2%) per year. As a result, it looks like DVC at DLH will start higher (because room rates and thus TOT) are higher than in 2008 (partly due to opening GCV in the middle of the Great Recession) and then increase at a typically faster rate (3.2% versus CPI, which has historically been 2.2%). Despite the statement that “other timeshares are based on …CPI”, Worldmark appears to based on dues per point multiplied by the TOT rate. In the 2008 Agreement relating to the Worldmark timeshare, the example was given that based on current dues, a studio would have a nightly rental rate of $93.19. That would mean a TOT of about $14/night for a studio, which has increased to about $27/night in 2023: worldmark.wyndhamdestinations.com/content/dam/wyndham/wyndham-vacation-clubs/worldmark/credit-value-charts/wbw-credit-tax-resort-alerts.pdf |
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Post by SuzanneSLO on Apr 20, 2023 10:56:02 GMT -5
Pretty sure I’ve seen $9 for dues ( obviously not exactly that). And I think an article somewhere said the way the tax is calculated has been revised recently. We will all be paying $9 per point dues this coming year. This resort is looking forward to determine dues.
In 2025, almost all of the DVC dues will be over $10 per point.
If Disney bundled the TOT into the Disneyland Hotel DVC dues, the dues would likely be $12-13 per point. Compared to closer to $9/point for GCV (even with bundled TOT). Ouch! |
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