An incomplete perspective...
funny that....how it can be taxed on some value just like any other real estate, but if you want to sell it or donate it there's almost no value then. If the world were fair we'd expect to sell it for at least the real estate tax appraised value and the IRS should recognize that value too. This timeshare situation is sick.
I'd point out that property tax actually relates (albeit not exclusively) to the value of the land and buildings and other infrastructure, which clearly have (and which obviously retain) monetary value
as real estate, regardless of market fluctuations in the resale value of the assorted individually owned "intervals" therein.
In short, the fact that an owner of an "interval" may not be able to sell off (or even give away) his / her particular week certainly doesn't in
any way mean that the underlying property (i.e., the real estate itself) can or should then be regarded as having little or no monetary value. That logic would make no sense at all.
I suppose one
could present the argument (...as people often do regarding maintenance fees) that owners of high value weeks and owners of low value weeks within the same facility should not be required to pay the same amounts in maintenance fees
or property taxes, but that philosophical discussion (regardless of any resentment from low value week owners) will
not result in any such thing ever actually happening...
