The Real Deal New York

Analyze this: Robert De Niro backs down in property tax fight

After three years, actor's trust agrees to $6M assessment of property in Gardiner, NY

Bada bing bada boom. Robert De Niro and the town of Gardiner, N.Y. have reportedly come to an agreement about the value of the actor’s 98-acre property, A dispute about the $6 million assessment of the raging bull’s property had gone on for three years, according to the New York Times. De Niro’s Riverside Trust bought the property in 1997 for $1.5 million. In time, the trust added 20 acres to the property and constructed a recreation center that includes a game room, a gym, a basketball court and more. But the trust challenged the $6 million property assessment in 2010, saying it was worth $4 million.  

In turn, the town — population: 5,800 — said that upon closer inspection, the property’s assessment was closer to $9 million, the newspaper reported. 

In the agreement with the town, the trust promised to drop the appeal, thereby keeping the assessment at $6 million. The trust has also agreed to pay the town’s $129,000 legal bill, the newspaper reported. [NYT] — Claire Moses

  • getreal

    A superb actor, but man oh man he boils down to another schmegegee nickel-and-diming. Shameful.

    • ralphpetrillo

      Have to agree.

  • David Lohr

    A World Class actor, Man’s man and Philanthropist who is going to be the spokesperson for Castle Brands Inc (stock symbol ROX) as reported by Peter Katz.