Walt Disney World Resort is currently in the midst of a legal battle over several of its Resort properties.
One of the most popular deals when visiting Walt Disney World Resort is to stay on-site at a Disney World Hotel.
Whichever Disney resort you choose, you’re sure to be completely immersed in the magic from the moment you wake up until you go to bed at night. Resorts come with complimentary transportation to Disney parks, including Magic Kingdom, EPCOT, Disney’s Hollywood Studios, Disney’s Animal Kingdom, and Disney’s Typhoon Lagoon, and many more benefits.
Recently, Disney reportedly filed 10 lawsuits against real estate appraiser Amy Mercado last week in Orange County Circuit Court.
The tax dispute involves several Disney resorts Pop Century Resort to Grand Florida Resort & Spa and several between as well as Disney administrative properties, including the Team Disney Building across from Disney Springs. The Wyndham Lake Buena Vistawhich leases to Disney, is also included in one of the lawsuits.
In the lawsuits, Disney argues that “appraisals do not represent fair value…because they exceed market value.”
For example, Disney lists the estimated value of the Grand Floridian Resort at $268 million, Polynesian Resort to $138 million and the Contemporary Resorts at $165 million. The assessed value of Port Orleans Resort is set at $379 million, Coronado Springs at $238 million and Caribbean Beach Resort at $169 million. The assessed value of the Disney Yacht & Beach Club is set at $266 million, while that of Pop Century Resort is $212 million.
The lawsuit says Disney has already paid the disputed tax bills and the issue involves the methodology used by the assessor, which Disney says violates Florida’s constitution. Court documents note that Disney claims “the appraiser included the value of certain intangible property.”
This practice has often been used by Disney for many years, and the properties in question have been in dispute since 2015.
What do you think of this complaint filed by Disney? Let us know in the comments.