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Nothing magical in Disney kingdom’s appraisal

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Disney

The latest Disney villain? The property assessor in Orlando, Florida, according to the Walt Disney World Resort.

Owner of the self-proclaimed happiest place on Earth last week filed several lawsuits against Orange County Property Appraiser Rick Singh over property tax appraisals for 2019, which the mega theme park and resort say are too high, according to The Orlando Sentinel.

A plot twist? Not really. Disney has filed suits against Mr. Singh every year since 2016 over assessments in the hundreds of millions for several of its properties, and dozens of court cases are still pending, the newspaper reported.

Walt Disney World Resort “had been undervalued for decades by previous property appraisers,” Mr. Singh’s office said in a statement Friday. “Again this year, the Disney organization has chosen (to) use the court system to dispute the value of its property in Orange County and thereby pay reduced property taxes that would benefit area infrastructure and public schools.”

 

 

 

 

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