{"id":14554,"date":"2014-05-28T11:51:45","date_gmt":"2014-05-28T15:51:45","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=14554"},"modified":"2017-10-05T08:41:59","modified_gmt":"2017-10-05T12:41:59","slug":"biggest-los-angeles-property-taxes","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2014\/05\/28\/biggest-los-angeles-property-taxes\/","title":{"rendered":"LA’s 10 Biggest Tax Payers: From F1 Heiress to the Ultimate Playboy"},"content":{"rendered":"

As Nickelback put it, we all want \u2018a brand new house on an episode of Cribs<\/em>\u2019; but a huge house and ‘A front door key to the Playboy mansion<\/em>‘ come at a cost \u2013 and I\u2019m not just talking about the purchase price.<\/p>\n

Los Angeles property taxes<\/strong> <\/a>for million dollar homes can escalate up to the point where owners could use that money to buy smaller abodes. Case in point, here are the 10 biggest real estate tax payers<\/strong> in Los Angeles:<\/p>\n

<\/span>1.\u00a0\u00a0 \u00a0Petra Ecclestone, owner of the Spelling Manor<\/span><\/h4>\n
\"The_Manor,_Holmby_Hills,_Los_Angeles,_in_2008\"<\/a>

Image via Wikimedia Commons, user Atwater Village Newbie<\/p><\/div>\n

The daughter of British Formula 1 billionaire Bernie Ecclestone paid $85 million back in 2011 for the former Spelling estate, also known as The Manor. Initially listed at $150 million, the over 50,000-square-foot home at 594 South Mapleton Drive<\/a> <\/strong>quickly gained the title of \u2018most expensive house in the U.S.\u2019 Now, it nabbed the first place on our list of biggest property taxes, with an estimated $1,061,411 tax<\/strong>.<\/p>\n

<\/span>2.\u00a0\u00a0 \u00a0Gary Winnick, owner of the Casa Encantada at 10644 Bellagio Rd<\/span><\/h4>\n

Gary Winnick \u2013 Pacific Capital Group CEO and founder of Global Crossing \u2013 pays an estimate of $979,119 in property taxes<\/strong> for his 10644 Bellagio Road home<\/strong><\/a>. The 20-bedroom home, formerly called Casa Encantada, was once owned by famous hotelier Conrad Hilton. Winnick bought the Bel Air property from businessman David Murdock in 2000 for a mind-boggling $94 million.<\/p>\n

<\/span>3.\u00a0\u00a0 \u00a0GACAC LLC, owner of the Norcross House — 673 Siena Way<\/span><\/h4>\n

The LLC, listed as owner of the Monterey Colonial Style house at 673 Siena Way<\/strong><\/a>, pays approximately $716,936 in property taxes<\/strong> for the 1926-built estate.<\/p>\n

<\/span>4. \u00a0 \u00a0Jad Group LLC*, 457 Bel Air Road, Los Angeles<\/span><\/h4>\n

Jad Group shells out an estimate of $644,322 in property taxes<\/strong> for the\u00a046,000-square-foot property\u00a0at 457 Bel Air Road<\/strong><\/a>. The 6-bed, 10-bath mansion spreads on a 4-acre lot and was built in 2006.<\/p>\n

<\/span>5.\u00a0\u00a0 \u00a0State Management and Development Ltd, Le Belvedere, 630 Nimes Road<\/span><\/h4>\n

The 630 Nimes Road property<\/strong><\/a>, bought in 2010 for a staggering $50 million (a considerable discount from the initial listing price of $85 million) requires some incredible upkeep costs, not to mention a property tax of $636,847<\/strong>.<\/p>\n

<\/span>6.\u00a0\u00a0 \u00a0Geffen David, 1801 Angelo Drive, Beverly Hills<\/span><\/h4>\n

The entertainment mogul pays $629,732 in taxes<\/strong> for his Beverly Hills manse (at 1801 Angelo Drive<\/strong><\/a>). And that\u2019s just for this property! Geffen is known as quite a spender when it comes to luxury real estate, setting a new record for Manhattan co-ops two years ago, with the $54 million purchase of a 785 Fifth Avenue penthouse duplex<\/a>.<\/p>\n

<\/span>7.\u00a0\u00a0 \u00a0Allan Mutchnik, The Knoll – 1130 Schuyler Rd, Beverly Hills<\/span><\/h4>\n

Previously owned by late billionaire Marvin Davis and wife Barbara, The Knoll (a popular moniker for the 1130 Schuyler Road house<\/strong><\/a>) is the designated 90210 property on our list, with a tax estimated at $515,159<\/strong>.<\/p>\n

<\/span>8.\u00a0\u00a0 \u00a0Gene Sykes, La Belle Vie \u2013 332 St. Cloud Road<\/span><\/h4>\n

The famous residence, affectionately called La Belle Vie, is located in prime, lower Bel Air at 332 St. Cloud Road<\/strong><\/a>. Owner Gene “Tiger” Sykes of Goldman Sachs shells out $509,477 in property taxes<\/strong>.<\/p>\n

<\/span>9.\u00a0\u00a0 \u00a0Hugh Hefner, The Playboy Mansion \u2013 10236 Charing Cross Road<\/span><\/h4>\n
\"playboy<\/a>

Image via the official Playboy Mansion Facebook page<\/p><\/div>\n

Home to Hugh Hefner and his lavish parties, and the mother of all celebrity cribs<\/a>, the property at 10236 Charing Cross Road<\/a><\/strong> is possibly the most mediatized one on our list. Featured in popular TV shows like Entourage, Sex and the City, and Curb Your Enthusiasm, the Playboy Mansion<\/a> even got its own reality show on E!, called The Girls Next Door. Property tax: $485,301<\/strong>. But the cost might just be worth it… After all, how many homes can pride themselves with having a U2 song <\/a>named after them?<\/p>\n

<\/span>10.\u00a0\u00a0 \u00a0Oriole Drive LA, LLC \u2013 Montalban House, 1423 Oriole Drive<\/span><\/h4>\n

Ricardo Montalban’s old estate at 1423 Oriole Drive<\/strong><\/a> was last sold in 2012 for an impressive $38,980,000 (about $30 million more than the owner got it for back in 2010). And it comes with a hefty tax of $477,206.<\/strong><\/p>\n

*Correction: A previous version of this article listed fashion designer Mara Hoffman as the owner of 457 Bel Air Rd, #4 on our list. The post has been updated on Jan. 6, 2016 and now lists Jad Group LLC as the owner of the property.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

As Nickelback put it, we all want \u2018a brand new house on an episode of Cribs\u2019; but a huge house and ‘A front door key to the Playboy mansion‘ come at a cost \u2013 and I\u2019m not just talking about the purchase price. Los Angeles property taxes for million dollar homes can escalate up to…<\/p>\n","protected":false},"author":33,"featured_media":14564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[738,386],"tags":[468],"class_list":["post-14554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-california-real-estate","category-la-real-estate","tag-property-tax"],"yoast_head":"\n10 Biggest Los Angeles Property Taxes & Biggest Celebrity Tax Payers<\/title>\n<meta name=\"description\" content=\"Los Angeles property taxes for million dollar homes. See a list of celebrity owners and how much they pay in taxes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2014\/05\/28\/biggest-los-angeles-property-taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LA's 10 Biggest Tax Payers: From F1 Heiress to the Ultimate Playboy\" \/>\n<meta property=\"og:description\" content=\"Los Angeles property taxes for million dollar homes. See a list of celebrity owners and how much they pay in taxes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2014\/05\/28\/biggest-los-angeles-property-taxes\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-28T15:51:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-10-05T12:41:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2014\/05\/playboy-mansion-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"663\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Georgiana Mihaila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Georgiana Mihaila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"10 Biggest Los Angeles Property Taxes & Biggest Celebrity Tax Payers","description":"Los Angeles property taxes for million dollar homes. 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