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

New York /
Nov.November 19, 2014 09:00 AM

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


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
25 Cactus, Irvine, CA and Albert Pujols
Albert Pujols lists Irvine mansion for $10M
Albert Pujols lists Irvine mansion for $10M
Kansas City Chiefs quarterback Patrick Mahomes
Patrick Mahomes stacking up Super Bowl bids — and homes
Patrick Mahomes stacking up Super Bowl bids — and homes
Jill Stuart and 113 Parsonage Lane (Getty, Google Maps)
Famous fashion designer sews up Sagaponack sale
Famous fashion designer sews up Sagaponack sale
 Lloyd and Barbara Macklowe and Hard Rock Cafe's Peter Morton with  51 West End Road (Getty, Google Maps)
Macklowe Gallery founders sell East Hampton home to Hard Rock founder
Macklowe Gallery founders sell East Hampton home to Hard Rock founder
John Steinbeck with 2 Bluff Point Lane (Google Maps, Getty, SPSD)
Southampton eyes putting $11M into Steinbeck estate purchase
Southampton eyes putting $11M into Steinbeck estate purchase
arrow_forward_ios

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

Loading...