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Ira Rennert's sprawling Sagaponack estate
Wikipedia
Property taxes are based on three factors -- the value of a home, the assessment ratio (or the percentage of the property value that is taxed), and the nominal tax rate, according to the National Association of Home Builders.
2011-07-14
As such, they are a great indicator of home values and reveal a lot about a community.
We took a look at the top property taxpayers on Long Island and found that of the top 20, 15 are located in the Hamptons, based on numbers from BlockShopper.
Unsurprisingly, most of those parcels have massive homes, tennis courts and swimming pools, and direct beach access.
And most are owned by big names in retail and finance, like Calvin Klein and Stephen Schwarzman (who also has a big pad in Palm Beach).
BlockShopper's figures are from 2008, but they give a good picture of who pays what to maintain Hamptons getaways. We've excluded a few homes registered to LLCs that we could not identify.
Designer Calvin Klein paid $104,302 on an oceanfront home he's currently renovating on Meadow Lane in Southampton
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Julie Zeveloff West is Director of Editorial Product Strategy at Business Insider. She was previously Chief of Staff to Business Insider's editor-in-chief.Julie was the editor-in-chief of the Life division, where she oversaw Business Insider's entertainment, health, food, travel, style, parenting, and digital culture coverage. She was also a Deputy Editor for the site's business section, where she oversaw the lifestyle, transportation, retail, education, and lists & rankings sections, as well as its social media and graphic design teams. Before joining Business Insider in 2010, she was a reporter at Law360, where she covered international trade.In 2019, she was chosen as one of the Folio: Top Women in Media honorees in the Up and Comers category. Julie graduated from Cornell University and holds a master's degree from Columbia University's Graduate School of Journalism.
