Disney World Wins Property Appraiser Lawsuit

    Walt Disney World has won a lawsuit brought against Orange County Property Appraiser Rick Singh (via Orlando Sentinel).

    While the lawsuit won isn’t for the claimed inflated values of the Walt Disney World theme parks, the decision is said to reverberate through the hotel industry. The court found that Disney’s claim that a $340 million valuation (and resulting tax bill of $4 million) of Disney’s Yacht & Beach Club was, in fact, too high. It was determined that the methodology that Singh used to come up with the inflated number was not only improper, but illegal under Florida law. The valuation more than doubled when Singh took office.

    Disney is currently suing Singh over the valuation of more than 10 of their hotels on Walt Disney World property.

    The Yacht & Beach Club case dates back more than five years.

    Disney said that they are looking forward to a reassessment of their Walt Disney World properties utilizing a legal method, which could include the theme parks.


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    Mike
    Mike
    Mike is the owner and writer for BlogMickey.com. Visiting the parks daily allows him to keep up with the latest Disney news, reviews, and photos from around the Disney Parks. You can reach him at [email protected]

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