October 23, 2020

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

Florida Business News

Florida Trend Video Pick

Rare, two-headed snake found in Palm Harbor home
Rare, two-headed snake found in Palm Harbor home

A family in Palm Harbor recently found a rare creature in their home – a two-headed snake. FWC researchers said the phenomenon is named bicephaly – an uncommon occurrence that happens during snake embryo development. When two monozygotic twins fail to separate, it leaves the heads conjoined onto a single body.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you plan to vote early in the 2020 election?

  • Yes
  • No
  • Undecided
  • I do not plan to vote
  • Other (Please share your comments in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701

© Copyright 2020 Trend Magazines Inc. All rights reserved.