New York’s top 10 property tax payers: VIDEO

Billionaire Ira Rennert, ex-Lehman exec Bradley Jack top list of bills in excess of $570K

New York /
Jun.June 03, 2014 03:40 PM

Top-dollar properties in the Greater New York area also lead to big pay days for local tax collectors.

Billionaire Ira Rennert, whose sprawling Sagaponack estate has ruffled the features of environmental groups, reportedly paid $649,281 in property tax last year, according to PropertyShark data cited by CNBC — making his bill the heftiest for a single residence in the tri-state region of New York, New Jersey and Connecticut. Hot on his heels is Bradley Jack, ex-managing director of Lehman Brothers, whose 10-acre waterfront estate in Fairfield, Conn. yielded $579,184 in taxes last year. And the home is now on the market, listed at $62 million.

Charles Wang, majority owner of the New York Islanders hockey team, comes in third on the list with $564,666 on his Nassau County estate, which is valued at more than $36 million.

High though they may appear, the tri-state area’s property taxes in fact pale compared to their counterparts in California. Heiress Petra Ecclestone, for one, has a property tax bill north of $1 million on her 50,000-square-foot Los Angeles mansion, while Oracle Chief Larry Ellison’s Woodside, Calif. sigs came in with a tax bill of just under $800,000. [CNBC]Julie Strickland


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Joe Sitt and Charles Scribner’s Sons Building in Midtown (Thor, Google Maps)

Thor’s $150M loan on 597 Fifth heads to special servicing

Thor’s $150M loan on 597 Fifth heads to special servicing
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Steve Witkoff and 4766 North Bay Road (Getty, Douglas Elliman)

Steve Witkoff buys waterfront Miami Beach lot for $8M

Steve Witkoff buys waterfront Miami Beach lot for $8M
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Compass CEO Robert Reffkin (Getty; iStock)

Compass eyes IPO in 2021

Compass eyes IPO in 2021
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...