RobDownSouth
BoycotDivestSanctio
- Joined
- Apr 13, 2002
- Posts
- 78,293
Not necessarily, They are still their own special tax district, only they have state political hacks controlling tax rates now. They still have their own bonds they are legally required to pay off.In this context, it means they no longer can decide what their property values are for tax purposes. Their property tax valuations will be assessed like it is for other property owners.
I am thinking you believe that Disney was somehow giving themselves some sort of break on property taxes....nothing could be further from the truth. Disney assessed themselves higher rates to pay for extensive infrastructure improvements. The local counties nearby decided a 15 minute response time was adequate for the local fire department. Disney wanted a 6 minute FD response time and assessed themselves extra to pay for faster fire coverage.
Comparing the special nature of theme park building to "other property owners" is specious.