Timeshare property taxes?

Post reply

Note: Please do not post ads in the timeshare forums. If you want to add a timeshare posting, go here.

Original Message:

Re: Timeshare property taxes? (by Den):

Property taxes for most timeshare properties are included in the maintenance fees. Incidentally, some states like California bill them separately directly to the owner. Considering "after market timeshare prices are dropping," shouldn't we expect reductions in property tax assessed values leading to lower property taxes.

As an example, a Marriott's Ocean Watch after market ocean side timeshare week sold for $11,000+ a couple of years ago and is now being sold for less than $7,000 (current market value). Shouldn't we expect Marriott Vacation Club to challenge the assessed values, thus reducing property taxes? Of course, a reduction in property taxes should flow through to owners as a reduction in maintenance fees.

Let's get our local timeshare property Board of Director members to deliver this reduction in property taxes.

PS - I expect the current property tax assessed valuation for Ocean Watch on a per week basis is actually over $30,000. The drop then to current market would be very material.