• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Newport Coast property tax

Xpat

TUG Member
Joined
Jan 12, 2014
Messages
272
Reaction score
69
Resorts Owned
Marriott DSV II, Newport Coast, Canyon Villas, Grand Chateau, Phuket, Marbella, Playa Andaluza / HGVC Craigendarroch / Worldmark / Wyndham
if you're an owner at Newport Coast villas, what is your property tax amount?

I own in gold season and my 2015-16 bill is for $97, based on a net taxable value of $8,669 - does this seem about right?

I called the Treasurer/Tax Collector office and they said that property values for timeshare properties such as Newport Coast are re-evaluated perhaps once a year, and the same value would be applied to all owners, with different values for platinum and gold season. I remember seeing different tax values on this forum, so I'm not sure this is true?
 

Fasttr

TUG Review Crew
TUG Member
Joined
Jun 26, 2013
Messages
6,351
Reaction score
3,549
Location
Connecticut
Resorts Owned
Marriott's Grande Ocean (Enrolled)
MVC Trust Points
Appears to be close to the number shown in THIS post in the 2016 MF Sticky.
 

dioxide45

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
49,009
Reaction score
20,437
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
if you're an owner at Newport Coast villas, what is your property tax amount?

I own in gold season and my 2015-16 bill is for $97, based on a net taxable value of $8,669 - does this seem about right?

I called the Treasurer/Tax Collector office and they said that property values for timeshare properties such as Newport Coast are re-evaluated perhaps once a year, and the same value would be applied to all owners, with different values for platinum and gold season. I remember seeing different tax values on this forum, so I'm not sure this is true?

Different tax values based on season is common in Florida, not in California. Counties in California send a separate tax bill. You are taxed based on what you are assessed at. How they get to that assessment, I don't know.
 

Bill4728

Moderator
Joined
Jun 6, 2005
Messages
11,052
Reaction score
615
Location
Lake Tapps, WA
California taxes makes no sense to me. I owe two gold NCV weeks and they are assessed at different values. therefore different taxes even though they are exactly the same. WHY??? who knows.
 

Xpat

TUG Member
Joined
Jan 12, 2014
Messages
272
Reaction score
69
Resorts Owned
Marriott DSV II, Newport Coast, Canyon Villas, Grand Chateau, Phuket, Marbella, Playa Andaluza / HGVC Craigendarroch / Worldmark / Wyndham

Thanks for the link. Sounds like there really isn't any option but to wait and hope they adjust the values to something more in like with market prices.

The tax office position doesn't make sense - I don't disagree with them not using the purchase price (as it may not reflect market value), but if they're going to use market value, then each timeshare unit in the same floating season should have the same property tax.
 

GaryDouglas

TUG Member
Joined
Jun 7, 2005
Messages
1,303
Reaction score
144
Location
Pleasanton, CA USA
Resorts Owned
Marriott Maui Ocean
Club Suites and Villas
When buying a home (house, townhouse, etc.) in CA, market value is the price paid for that home. I would like to think, but have been curious, if the same process is followed for timeshare properties. If we ever bought a Timber Lodge unit, I would like to think it would be based upon the price paid. If we ever get close to doing that, I'll call up El Dorado County assessors office and find out directly from the source.
 

klpca

TUG Review Crew: Veteran
TUG Member
Joined
Sep 11, 2006
Messages
8,448
Reaction score
7,583
When buying a home (house, townhouse, etc.) in CA, market value is the price paid for that home. I would like to think, but have been curious, if the same process is followed for timeshare properties. If we ever bought a Timber Lodge unit, I would like to think it would be based upon the price paid. If we ever get close to doing that, I'll call up El Dorado County assessors office and find out directly from the source.

I'm pretty sure that they can use market value vs. purchase price where the purchase price is lower than the actual value. I bought my DSVII unit for $5 during the recession and they use $3,000 as the assessed value. I'm sure that they are looking at the underlying value of the property and applying an ownership percentage (but conveniently omitting a minority interest discount) but for the amount of $$ that I pay, I'm not going to fight it.

Here's a link to a previous thread on CA property taxes: http://tugbbs.com/forums/showthread.php?t=229446
 
Last edited:

sjsharkie

TUG Member
Joined
Dec 26, 2012
Messages
2,324
Reaction score
441
Thanks for the link. Sounds like there really isn't any option but to wait and hope they adjust the values to something more in like with market prices.

The tax office position doesn't make sense - I don't disagree with them not using the purchase price (as it may not reflect market value), but if they're going to use market value, then each timeshare unit in the same floating season should have the same property tax.

Prop 13 doesn't make logical sense in terms of fairness .. but that is why one of my neighbors pays about 20% of the property tax that I do, and another pays 20% more than I do. The increase in valuation is capped under the law, and the assessed value can never exceed that cap.

You can always request a review of your assessed value in California -- different counties have slightly different processes but they are similar. Basically, after you've made a request, the assessor will review the assessed value. If you are still unhappy with the valuation, you can submit to a formal process to challenge the value -- you would generally provide evidence that the valuation is lower than what the assessed value is.

In short, a timeshare like NCV will likely never have the same valuation per fractional ownership given Prop 13.

-ryan
 

GaryDouglas

TUG Member
Joined
Jun 7, 2005
Messages
1,303
Reaction score
144
Location
Pleasanton, CA USA
Resorts Owned
Marriott Maui Ocean
Club Suites and Villas
Fairness?

Prop 13 doesn't make logical sense in terms of fairness ...

That wasn't the purpose. Back in the '70s, property taxes were increasing at a rate where some people, particularly retirees, were being forced to sell their houses just to be pay their taxes. To remedy this and in an attempt to reign in the growth of government, proposition 13 was passed. It sets the initial rate of taxation at 1% of purchase price and not increase more than 2% each year afterward.

Too bad it didn't slow down the growth in government, they eventually found ways to work around it...
 

sjsharkie

TUG Member
Joined
Dec 26, 2012
Messages
2,324
Reaction score
441
That wasn't the purpose. Back in the '70s, property taxes were increasing at a rate where some people, particularly retirees, were being forced to sell their houses just to be pay their taxes. To remedy this and in an attempt to reign in the growth of government, proposition 13 was passed. It sets the initial rate of taxation at 1% of purchase price and not increase more than 2% each year afterward.

Too bad it didn't slow down the growth in government, they eventually found ways to work around it...
I know what the intended purpose was. Lawmakers and voters don't necessarily consider the ripple effects with trying to make it "fairer" to one side.

Of course we don't want people forced out of their homes. But we also all need to pay our fair share for city and county services.

Ryan

Sent from my SAMSUNG-SM-G900A using Tapatalk
 
Top