A lawsuit ruling in favor of Walt Disney Parks and Resorts could result in the theme park operator getting a $1.2 million refund, according to Orange County’s property appraiser.
In 2016, Orange County’s property appraiser raised the value of Disney’s Yacht and Beach Club Resort to $336 million dollars – a 118 percent increase from the year before. That meant Disney paid more in taxes that year for Orange County schools.
A judge ruled in favor of Disney this week, saying the county’s methodology was flawed. That means the theme park could get a $1.2 million dollar refund.
“The judge’s decision to reduce the market value in the disputed assessment will result in a refund of over $1.2 million that Orange County Public Schools received in tax dollars from Disney,” Singh wrote in a statement.