Hedge fund manager Ken Griffin is facing a $5.37 million property tax bill for 2019, the biggest on the island of Palm Beach.
Like property owners throughout Florida, Griffin received his bill in November. In September, he closed on the latest piece of his assemblage, spending $99 million on an estate. In all, Griffin has spent at least $350 million on or near Blossom Way.
Griffin is one of nearly 60 property owners on the island who are billed at least $500,000 in property taxes, according to the Palm Beach Daily News. In Palm Beach, taxable values for residential properties rose to $17.32 billion, a 5.37 percent year-over-year increase.
Howard Stern, who owns an oceanfront house at 601 North County Road, received a $962,385 tax bill. The tax bill for the properties tied to President Trump, including Mar-a-Lago, came out to $979,339.
Beauty mogul Sydell Miller, who was reportedly under contract to sell her estate at 1415 South Ocean Boulevard, landed a bill of $1.36 million.
Wemio LLC, the Delaware company that paid about $105 million for the oceanfront mansion at 1295 South Ocean Boulevard, was billed $870,414 in property taxes. [Palm Beach Daily News] – Katherine Kallergis