Central Florida Tourism Oversight District Proposes Lower Property Tax Rate for Disney World

The Central Florida Tourism Oversight District is proposing a decrease in the property tax rate for its stakeholders, including Walt Disney World. The proposed millage rate for fiscal year 2024 would drop to 12.95 mills, down from the current rate of 13.9 mills. The decision comes from stakeholder feedback and the goal of being independent and fair. The upcoming meeting will also address matters related to law enforcement contracts and negotiations regarding Disney's lawsuit against the Board and Florida Governor Ron DeSantis.