I can see how the tax rate would increase after a refurb, absolutely.
And it stands to reason there could be adjustments to shore up reserves before or after a refurb too. But it isn’t a case of there will be 3 years of 6% increases to pay for a refurb. Although someone raised the question of whether installing the Murphy beds in what were just soft goods refurbs wouldn’t have caused extra costs to what was anticipated. But again they’d do that slowly if it meant reserves had to be topped up, not a one-off extra 3% on the dues.
Aulani’s increase will presumably be partly because of the fires and the resulting insurance costs / tax rates across the whole of Hawaii.
For SSR, we had a large increase last year…but not too bad this year.
When I was deciding whether to buy DVC (resale) a couple years ago, I used an average of 4% increase in annual dues year over year to find where the break-even point would be versus renting points, etc. I was secretly hoping the average would end up being less than 4%, since inflation had been fairly low, and I would expect the dues to, on average, match inflation. BUT, inflation in the past couple of years has soared…so I was actually expecting this year’s increase to be more than it was. I’m not sure why OKW had a higher rise this year…was it high last year as well? If not, maybe it is making up for it this year.