
Florida Timeshare Tax Breaks Are Goal of Proposed Legislation in Orange County.
Every year, timeshares in Orange County (OC) incur about $175 million in property taxes. This is a big number that 2020 hasn’t been kind to. The barriers set by COVID-19 have drastically hindered tourism in Florida – especially in OC. Although local resorts own about $9 billion in taxable property and the industry itself has profited nearly $10 billion year over year since 2017, somebody is looking to lessen this tax obligation quickly.