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Walt Disney World to Receive Millions in Tax Refunds

Interesting news as we’re learning Walt Disney World will be receiving millions in tax refunds! We previously shared that Disney was suing Orange County Property Appraiser, Rick Singh, arguing property tax appraisals for Walt Disney World were too high. We then shared Walt Disney World won the lawsuit! And now, we’re learning millions are headed back to Walt Disney World as the case gets settled.

Photo: Matthew Cooper (www.thetimethespace.com)

As reported by OrlandoSentinel: “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. The settlement was reached through mediation, ending a court battle that began about five years ago. The total refund has not yet been calculated, but Orange County Tax Collector Scott Randolph said Monday Disney would be due about $1.3 million for tax year 2015 and probably similar amounts for tax years 2016 through 2020, also covered by the agreement approved by Circuit Judge Kevin B. Weiss last week.”

If the estimated $1.3 million that is due for 2015 is the same for each year following through 2020, Walt Disney World may be looking at a refund around $7.8 million. With the tourism industry, including Walt Disney World, taking a huge hit with COVID-19 the past year plus, we’re sure Disney is extremely excited with the the lawsuit ending in their favor! We’ll keep you posted as we learn more about this case, and what Disney’s final refund is if/when revealed. Want to read the full story? Visit OrlandoSentinel.com.

About Mike and Jamie Sylvester

We are Disney nerds. Two kids at heart who love the magic and the memories of Walt Disney World! We follow all things Disney and have great experiences with Disney Vacation Club and RunDisney events in particular. We enjoy the vacations, day trips, weekend getaways and geek out over the planning of such events. From lodging to dining to Fastpasses we have a spreadsheet for every occasion. Mike’s frivolous Disney goal is to acquire a magic band of every style while Jamie’s goal is to experience as many Disney desserts as possible. Usually there isn’t a day that passes without some discussion of the master plan of our next trip to the happiest place on earth. Most people think we’re normal – until they travel to Disney with us. We have been married for 16 years and are blessed with a daughter and a son who have already learned the importance of planning ahead! As a family we thoroughly enjoy the magic and the memories at Walt Disney World and are here to help others experience the magic as well.