Just read some interesting news in the Orlando sentinel.
Basically the current legislation states that when there is an inadequate number of resale for a specific timeshare property to determine fair market value then the value is set to 50% of the original developer value. The tax in then based on that value
The new proposed legislation states than in the case of a tax appeal any number of resales shall be determined adequate enough.
If this new proposed legislation goes through then FL timeshare owners could see a reduction to their annual MF as the tax goes down due to lowered value.
OTOH some counties are in for a potential loss as they pocket a lot of money each year due to timeshare taxes.
link:https://www.orlandosentinel.com/new...0200220-al4aeoxiujhvlpokluxom5geoa-story.html
Regards.
Basically the current legislation states that when there is an inadequate number of resale for a specific timeshare property to determine fair market value then the value is set to 50% of the original developer value. The tax in then based on that value
The new proposed legislation states than in the case of a tax appeal any number of resales shall be determined adequate enough.
If this new proposed legislation goes through then FL timeshare owners could see a reduction to their annual MF as the tax goes down due to lowered value.
OTOH some counties are in for a potential loss as they pocket a lot of money each year due to timeshare taxes.
link:https://www.orlandosentinel.com/new...0200220-al4aeoxiujhvlpokluxom5geoa-story.html
Regards.