How much is Walt Disney World property worth? Apparently not as much as Orange County Appraiser Rick Singh and his office think according to Disney. As The Orlando Sentinel reports, Disney has filed a series of lawsuits alleging that Singh misvalued the company’s property and “included the value of certain intangible property in the assessments.” This is notable because, the higher the value of a property, the more taxes that the owner is required to pay.
Some of the theme park figures cited in the lawsuit include a $446 million valuation for Epcot, $437 million for Magic Kingdom, and $339 million for Disney’s Hollywood Studios. Additionally, in terms of hotels, Disney is arguing that the $153 million and $209 million that Animal Kingdom Lodge and the Caribbean Beach Resort respectively assessed for were too high. Disney declined the Sentinel’s request for comment.