Who owns Palm Beach’s highest taxed estates?

From left: Rod Stewart, Donald Trump, Nelson Peltz and Ken Griffin (Credit: Wikimedia Commons, Getty Images)

Who pays the most property taxes in Palm Beach?

Citadel founder Ken Griffin is No. 1. His nearly $250 million assemblage in the South Ocean Boulevard corridor generated $3.66 million in property taxes this year.

That’s according to an analysis of new tax rolls in Palm Beach by the Palm Beach Daily News. Griffin’s estate includes 1290 South Ocean Boulevard (also known as 1265 South Ocean Boulevard), 70 Blossom Way, and 1285 South Ocean Boulevard.

A record number of 51 Palm Beach homeowners were billed at least $500,000 in taxes in 2018, up from 40 last year, according to the analysis.

Nelson Peltz, a hedge fund manager, and his wife Claudia, were the second highest taxpayers. Their North County Road estate rang up a $1.98 million tax tab. Its market value is pegged at $123 million.

Others in the top 51 ranking include President Trump, whose Palm Beach properties were taxed $899,864 based on a market value of $52 million. Trump had the 11th highest Palm Beach tax bill in 2018, 10 spots higher than last year, thanks in part to an $18.5 million purchase in late April.

Rod Stewart, Howard Stern, Frank McCourt and Sir Peter Wood also made the cut. Check out the full list here. [Palm Beach Daily News]Amanda Rabines

Recommend0 recommendationsPublished in Real Estate

Share this story with your network.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

Responses

Recent Stories

Del Marie: locked down, but not out

The rapper-dancer-performance poet rolls with the pandemic punches. 2020 started off so well. January and February were great months for 27-year-old rapper, dancer, and performance

Read More »

Speak with a local expert now.

Learn more about this recent happening by speaking with an agent.