Different taxes levied for a gold vs platinum weeks at the same resort?

[icydog]

I just paid my dues for Oceana Palms. The Gold week's taxes were ~ $100 cheaper than the Platinum week.

How is this possible?

The maintenance fees for both weeks are exactly the same.

 

[dioxide45]

I just paid my dues for Oceana Palms. The Gold week's taxes were ~ $100 cheaper than the Platinum week.

How is this possible?

The maintenance fees for both weeks are exactly the same.

It is the tax line item on the bill. If you compare the two, the tax amount is less for gold. It is a Florida thing.

 

[icydog]

It is the tax line item on the bill. If you compare the two, the tax amount is less for gold. It is a Florida thing.

I looked at the line items. Yes the tax amount is different even though the Maintenace fee amounts are the same.

It seems illegal. Why would the State tax the same property differently only based upon season.

In that case, taken further, Snowbirds should be paying higher taxes for their homes or condos than full time Floridians. I used to own a winter home in St Augustine and my taxes were the same as my neighbors'.

 

[tschwa2]

The same reason that when you go to sell, you will most likely get more for a platinum week than a gold week. The property (a week in platinum season) is worth more than a week in gold or silver so the property tax is based on that higher value.

 

[BocaBoy]

It is obvious why a platinum week could have higher property taxes than a gold week.....it is WORTH MORE! And property taxes are based on valuation. Maintenance fees are not. I think the surprising thing is that more states don't do it like Florida does.

 

[pedro47]

It is the tax line item on the bill. If you compare the two, the tax amount is less for gold. It is a Florida thing.

Are you saying that the state of Florida picks the weeks to charge at a higher tax rate or does the resort picks the week?

 

[tschwa2]

I think (in Orlando at least) they set the tax rate based on the original developer average selling price for that season.


I own a couple of different week 51 and 52, two and three bedroom Orlando units and pay an average of $180 in property taxes.

I own a week 52 Florida gulf 2 br ocean view with a property tax rate of $25 annually. It has been out of retail sales for more than 15 years.

 

[SueDonJ]

Noted in the MF's sticky threads every year:

MVC Weeks

*Note that Property Taxes for the Florida resorts will vary according to the Resort Calendar seasons, and are included in the MF budgets.
*Note that Property Taxes for the California resorts will vary among owners based on purchase price/date, and are billed separately by the counties.

 

[davidvel]

I looked at the line items. Yes the tax amount is different even though the Maintenace fee amounts are the same.

It seems illegal. Why would the State tax the same property differently only based upon season.

In that case, taken further, Snowbirds should be paying higher taxes for their homes or condos than full time Floridians. I used to own a winter home in St Augustine and my taxes were the same as my neighbors'.

I can't imagine a property tax system that is not based on value of the property in some fashion, unless the tax was a deminimus amount.

Here is some language from the CA sessesor rules:

(b) In determining the value of the real property interest of a timeshare estate or use, consideration shall be given to the following factors which are unique to such interests:
(1) The fact that the timeshare estate or use is marketed in increments of time.
(2) The season of the year during which the owner is entitled to the right to use or possession of the property.
...
(h) The assessor may determine the value of the timeshare appraisal unit by the following method:
(1) Determine the full value of resort properties, condominiums, cooperatives, or other properties not marketed in increments of time but which are comparable to the subject property in terms of size, type, and location. Divide such full value by a unit of time equal to the timeshare interest being valued.

(2) Add to or subtract from the non-timeshare value quotient determined in (1), an amount necessary to reflect any increase or decrease in such value attributable to the fact that the subject property is marketed in increments of time and, if applicable, for a particular season.

 

[BocaBoy]

Are you saying that the state of Florida picks the weeks to charge at a higher tax rate or does the resort picks the week?

The State of Florida does the assessments, not the resorts.

 

[dioxide45]

Are you saying that the state of Florida picks the weeks to charge at a higher tax rate or does the resort picks the week?

The developer determines the seasons and what week goes with each. The county determines the tax rate, though how it is taxed (based on season) is likely a state law, as BocaBoy indicated.

 

[pedro47]

The developer determines the seasons and what week goes with each. The county determines the tax rate, though how it is taxed (based on season) is likely a state law, as BocaBoy indicated.

Got it now I totally understand.