Forty Three Million. Looks bigger in words some how, unless you write it down $43,000,000,000. Back when we lived in the Seattle area, actually across Puget Sound from Seattle, in Bremerton. We worked in Seattle. Back then, little ole Billy Gates built himself a new house over on Lake Washington. They kept showing on local TV all the building, all the gadgets that he was putting in the new digs. A TV that came up out of the floor and of course all wired for use of his Microsoft stuff throughout the house. The BIG THING was little Billy threw a fit when he got told how much his taxes on said house that was about as big as the Kingdome!! It was massive. Of course that house was massive, right on the edge of Lake WA. His tax bill was like $35,000 property tax, some huge number like that. Bill threw his fit and then the public started to tell him to shut up and pay up, he could afford it. After a week or so, Bill shut up and paid his tax bill and continues to pay it I’m sure. As my property tax went up every year, I am sure Billy’s did also. Expect down in SoCal he is going to pay a bit of change on that property also. But, didn’t see or hear little Bill complaining about the taxes down in Southern Kaliforniastan. Just the right place for a flaming, massive liberal, like Mr. One World Government.
Ya’ need to count your zeros.
$43,000,000.
Under Prop 13, annual taxes will be $430,000 + another 10% or so of that amount for assessments. Of course, the taxes won’t go up much each year, again thanks to Prop 13 ... all chicken-feed to Bill and Melinda. Still, the local school districts must be salivating at getting their share. I’d love to know the purchase price of the place when the seller’s bought it ... that would be the old tax basis.
I was in California for a long time. As far as I can remember, the property tax is 1% of the selling price, therefore his property tax should be $430,000 a year. If he didn’t like $35,000, he REALLY ain’t gonna like California property taxes. I don’t know if there is any way for him to get out of it.
His property tax will be at least 500k per year. Unless he gets it classified some sort of historic property and gets some concession.
His Seattle mansion has a 500kw standby diesel generator. Wonder what kind of standby he will have in CA with all their power cuts. Can’t have the ice cream melting.