Annual M/F at HGVC timeshares for 2009

[Sandy VDH]

Seaworld II
MF's: Operating Fee 01/01/09...$568.31
Reserve Fee 01/01/09.....$119.43
R/E Taxes 01/01/09........$ 72.06

Seaworld 2 bdr ORLANDO VACATION SUITES I
CONDOMINIUM ASSOCIATION, INC. :

2009 Operating Fee 01/01/09 $563.96
2009 Reserve Fee 01/01/09 $165.00
Real Estate Taxes 01/01/09 $147.31
)

Why the big difference in reserves and real estate taxes between the two?

Taxes are more than double on I than on II. Reserves are $45 higher, but that is more dependent on repairs.

 

[vetteguy]

I still don't know why there is such a big difference.
I emailed HGVC in 2006 about the real estate taxes, they more than doubled that year.
Real estate taxes history:
2005 : $64.06
2006 : 161.71
2007 : $159.70
2008 : $141.88

I emailed this :

I have some questions regarding the 2006 maintenance fees :

1) I saw a big jump in real estate taxes between the 2005 maintenance fees($64.06) and 2006 maintenance fees($104.07). Can you explain me why there is such a big increase?

2) When I look at the 2006 annual budget letter, I see that the real estate tax is $104.07. But, when I look at my online maintenance fee breakdown, I have to pay $161.71. Why?

As this is already my second e-mail regarding this matter(I've send an email on Nov. 22), it would be greatly appreciated if I could have an answer.

Thank you for your help


This is what they responded me :

Thank you for contacting us. The Real Estate taxes are calculated and assessed by the state of Florida. The fees that are on your breakdown represent the cost of the fees for 2005 as Florida Bills their Real Estate tax in arrears. You actually pay the Real Estate tax at the end of the calendar year for that year. $161.71 is what the amount was for 2005. This may have offset the fact that it was only $64.06 in 2004 and the amount that you see on the budget letter ($104.07) is the estimated amount for next year. I honestly do not know what method the State of Florida uses to determine the annual Real Estate amount but it must be standard across the board for all property owners in the state. Thank you again for taking the time to E-mail us.

 

[jestme]

Kalia, studio is $560, 1BR is $871, excluding club fees. However, I'm concerned about reserves. Reserve expenses are down from 322K to 244K this year, and we certainly don't seem to be over-reserved. At the end of 09, we will have $523K on an estimate of $3.9M to replace, and we are halfway through the life cycle. The same with "common area", we will have 18K(!), on a 212K replacement estimate, and we are halfway through that life cycle as well. Is anyone else seeing a cutback in reserves at their resorts compared with last year?

 

[Talent312]

For the fellow who asked when payment is due...
My snail-mail version did not have the due-date on the statement itself.
It was buried in the cover letter that accompanied the statement (January 1st).

But it did show that there is a 60-day grace period B4 the late-payment penalties
start to kick in, or effectively, until March 1st.

 

[TerriJ]

Not to be tacky, but I have always wondered when the latest date was I could pay and not be penalized. I don't want to be late, but this is a chunk of change and I don't want to be early either, just want to be on time. We own at Seaworld.

 

[DEROS]

HGVC Waikoloa

2009 Operating Fee 01/01/09 $969.78
2009 Reserve Fee 01/01/09 $112.80
Real Estate Taxes 01/01/09 $55.77
2009 Hawaii Ge Tax 01/01/09 $45.10
2009 Club Dues 01/01/09 $95.00

Total Current Balance: $1,278.45
Voluntary Arda Roc $3.00
Total Current Balance: $1,281.45

An overall increase of $102.64 from 2008.

The one thing I hate about Hawaii is that we have to pay real estate taxes, GE Tax, and when staying in the resort a transient tax. I have issue with the transient tax and GE Tax. However, it is hard to fight it when the majority of the owners are not registered to vote in Hawaii.

 

[ricoba]

Two Bedroom HGVC @ The Hilton

Operating Fee ---- $526.21
Reserve Fee ------ $178.00
Real Estate Taxes- $ 53.59
Club Dues--------- $ 95.00

TOTAL 2009 -------$852.80

 

[MadDawg]

Our Suites II @ Seaworld

Operating Fee 568.31
Reserve Fee 119.43
Real Estate Taxes 146.82
Club Dues 95.00
ARDA Fee 3.00

 

[Bill4728]

Our Suites II @ Seaworld

Operating Fee 568.31
Reserve Fee 119.43
Real Estate Taxes 146.82
Club Dues 95.00
ARDA Fee 3.00

Thanks,

we have this one already but clearly there is a difference between what different people are paying in their taxes. some as little as $72 and some as high as $146. It may be a different phase but this is just odd!!

 

[MadDawg]

Yea I knew you had it, but with the discussion of differences in a few of the fees for the same resort I thought I'd throw what we had up as it seemed to differ too.

As you said my taxes are almost twice what Talent312's are and are inline with Vetteguy. But my Operating Fee and Reserve fee are inline with Vetteguy and different than Talent312's.

I also noticed a rather large jump in next years budget. An example was Financial Services/Data Processing up $61k or Office, Desk, Reservations, Bell Service up $190k. But Grounds/Landscaping is down $3k.

Originally Posted by Talent312
Seaworld II
MF's: Operating Fee 01/01/09...$568.31
Reserve Fee 01/01/09.....$119.43
R/E Taxes 01/01/09........$ 72.06

Originally Posted by vetteguy
Seaworld 2-bdr -- ORLANDO VACATION SUITES II CONDOMINIUM ASSOCIATION, INC. :
2009 Operating Fee 01/01/09 $563.96
2009 Reserve Fee 01/01/09 $165.00
Real Estate Taxes 01/01/09 $147.31

Originally Posted by MadDawg
Our Suites II @ Seaworld

Operating Fee 568.31
Reserve Fee 119.43
Real Estate Taxes 146.82
Club Dues 95.00
ARDA Fee 3.00

 

[jlhorne]

SeaWorld 1 Br total 612.35 : OF-406.86 RF-85.50 Taxes-114.99

{edited done- Bill4728}

 

[MattnTricia]

No love from Scotland yet but this year we are guaranteed to get a substantial decrease as the exchange rate has dropped from 2.1 USD to GBP to 1.50 USD to GBP currently.

 

[Talent312]

... my taxes are almost twice what Talent312's are and are inline with Vetteguy. But my Operating Fee and Reserve fee are inline with Vetteguy and different than Talent312's...

Vetteguy corrected his post to show that his TS is at OVS I, while I own at OVS II,
which likely accounted for those differences. So, my questions are:
... Are you sure that you're at OVS II, not OVS I (like Vetteguy)?
... Do you also have a 2-BR, or perhaps have a 3-BR?

Since I'm on the good side of this... <what me worry?>

 

[Bill4728]

Anyone else has a MFs for this post?

 

[Sandy VDH]

Affiliate (if you want it)

Bay Club 2 BR B Floorplan

Operating Fee $916.16
Reserve Fee $135.22
Real Estate Taxes $64.37
Hawaii GE Tax $43.80

Total $1,159.55

{edited done- Bill4728}

 

[Sandy VDH]

Not to be tacky, but I have always wondered when the latest date was I could pay and not be penalized. I don't want to be late, but this is a chunk of change and I don't want to be early either, just want to be on time. We own at Seaworld.

I think this was answered in another thread. But 60 days from 1/1/09. After that time it is considered late and penalties and fees are added.

 

[Talent312]

Originally Posted by TerriJ
Not to be tacky, but I have always wondered when the latest date was I could pay and not be penalized. I don't want to be late, but this is a chunk of change and I don't want to be early either, just want to be on time. We own at Seaworld.

I think this was answered in another thread. But 60 days from 1/1/09. After that time it is considered late and penalties and fees are added.

It was, and I said... I used to be anal about paying by the due date, but my own home - HOA waits to deposit checks until after its 30-day grace period expires. So I'm like, "If they can wait, so can I." Different kettles grant you, but same priniciples.

 

[dvc_john]

Re: the difference in RE taxes for Seaworld.

I don't own at Seaworld, but I do own at other Florida resorts. In those resorts, the mf's are the same for all units of the same size, but the taxes are based on value. At one resort, I own a silver week and a gold week, and the RE taxes for the silver week are less than for the gold week.

Could it be that of those posting for Seaworld, one person has a gold week, and the other has a platinum week?

 

[alwysonvac]

Thanks,

we have this one already but clearly there is a difference between what different people are paying in their taxes. some as little as $72 and some as high as $146. It may be a different phase but this is just odd!!

FYI.. Seth indicated last year that for Seaworld the tax differs by season and size - see http://www.tugbbs.com/forums/showthread.php?t=57419&highlight=seaworld

 

[Sandy VDH]

FYI.. Seth indicated last year that for Seaworld the tax differs by season and size - see http://www.tugbbs.com/forums/showthread.php?t=57419&highlight=seaworld

That would explain it. I have a platinum week 2 BR.

 

[agottl2]

I noticed from the members guide that there is a $99 club fee charged yearly. Is this included as part of the MF or is it billed out separately?

Never mind - I found the answer - Thanks