December 7, 2019

Palm Beach homes: 59 owners billed at least $500,000 in local property taxes, a new record

| 12/1/2019

It’s sort of a no-brainer: If you own the biggest estate in Palm Beach, your property tax bill is probably going to be the largest in town, right?

But $5.37 million? Even by Palm Beach standards, that’s a whopper of a tax liability for a single estate on a relatively small island.

The bill was generated by the 20 contiguous acres billionaire hedge-fund manager Ken Griffin has been identified as owning in Palm Beach. And Griffin’s holdings on Billionaires Row have once again set a record among the recent tax bills mailed to Palm Beach property owners. Griffin’s bills, in fact, have raised the bar each year since he began assembling his estate in late 2012.

Griffin also leads the other 58 property owners who are part of the island’s ”$500,000 Tax Club” — the Palm Beach Daily News’ annual list of the estates that generate bills of at least half-a-million dollars in the new tax rolls.

Read more at the Palm Beach Post.

Tags: Real Estate

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