Fla. Panel Revises Disney Tax Ruling To OK Valuation Method

Law360 (August 10, 2020, 2:09 PM EDT) -- A property valuation method a Florida appeals court previously held as illegal in a Disney property tax dispute does not violate state law, the appellate court said in a revised opinion.

Florida's Fifth District Court of Appeal on Friday revised its ruling in a dispute over the 2015 value of the Disney Yacht & Beach Club Resort to remove language holding that the Rushmore method, a form of the income approach to valuation, violated Florida law. The previous order forbade the office of Orange County Property Appraiser Rick Singh from using the Rushmore method again.

The revised order maintains that a...

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