Dreading your property tax bill? It could be worse. An analysis of the new tax rolls in Palm Beach reveals how expensive it is to live in the tony town.
Forty Palm Beachers were just billed at least half a million dollars in taxes, with Chicago hedge funder Ken Griffin at the top of the list, according to the Palm Beach Daily News. His tax bills total $2.74 million for his Billionaires Row properties, which are valued at just under $200 million.
Next up is Nelson Peltz, chairman of Wendy’s and a hedge fund manager, and his wife Claudia. Their North County Road estate, on the North End’s Billionaires Row, rang up a $1.84 million tax tab. Its market value is pegged at $109.3 million.
Others in the newspaper’s top 40 ranking include President Trump, whose Palm Beach properties were taxed $642,000 based on a value of nearly $34 million. Trump had the 21st highest Palm Beach tax bill in 2017.