Disney will get refund in negotiated settlement with Orange County tax appraiser

Posted Wednesday, July 21, 2021 9:59 AM | Contributed by Jeff

The Walt Disney Co. will get millions in refunds from state and local taxing authorities after settling a 2015 legal dispute with the Orange County Property Appraiser’s Office over the fair market value of the Magic Kingdom, EPCOT and a dozen other Disney theme park properties.

Read more from The Orlando Sentinel.

Wednesday, July 21, 2021 10:19 AM

What is Abigail's take on this?

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Wednesday, July 21, 2021 10:31 AM
Jeff's avatar

As a local tax payer where tax revenue was severely hampered overall, I'm not crazy about this.


Jeff - Editor - CoasterBuzz.com - My Blog - Silly Nonsense

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Monday, July 26, 2021 8:03 AM

A lot of Floridians are not aware, but all property owners are allowed to challenge their valuation by the Property Appraiser. I think Disney has done this many times. Osceola County actually challenged Disney's agricultural exemption which was primarily for the Celebration area back in the day. I seem to remember that they had a contract with a farmer to bring cows to the property periodically which is how they claimed it was agricultural. I want to say Disney finally lost that one in court which sped up the development of Celebration.

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Monday, July 26, 2021 9:19 AM
Jeff's avatar

The agricultural thing happens all over the place. I've never seen so many cows in places that are obviously not farms.


Jeff - Editor - CoasterBuzz.com - My Blog - Silly Nonsense

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Monday, July 26, 2021 10:20 AM

That strikes me as an actual loophole. Using a deduction/exemption for otherwise than how it was actually intended. Much different than tax policy discussions in general which tend to call every use of a deduction/exemption (including those as intended by the tax provision) a "loophole" to benefit from the negative connotation of the term.

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Monday, July 26, 2021 1:28 PM

wahoo skipper said:

A lot of Floridians are not aware, but all property owners are allowed to challenge their valuation by the Property Appraiser. I think Disney has done this many times.

It's law in Illinois here as well. Our lawyer's take is 1/3 of what he saves us on the 3 year cycle. It's a no brainer. I can either pay the state that amount every year or pay the lawyer once.

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