The Highest Property Tax Payers In The Hamptons

imageIra Rennert’s sprawling Sagaponack estate

Photo: 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. 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

Billionaire investor Ron Perelman paid $106,545 on his Lily Pond Lane mansion in East Hampton

Source: BlockShopper

John and Linda Iacono paid $113,693 for their eight-bedroom house on Dune Road in Hampton Bays

Source: BlockShopper

Comedian Jerry Seinfeld paid $116,671 on his Further Lane home in East Hampton

Source: BlockShopper

Former Goldman Sachs partner James Marcus paid $115,328 on his house on Further Lane in East Hampton

Cheryl Krongard, a director at Legg Mason, paid $118,188 on her six-bedroom house on Scuttle Hole Rd. in Bridgehampton

Source: BlockShopper

A home on Highway Behind the Pond in East Hampton that hedge funder Daniel Loeb sold to a private LLC in 2006 paid $122,496

Source: BlockShopper

Blackstone Group co-founder Stephen Schwarzman paid $147,432 on his home on Mohawk Ave. in Watermill

Pharmaceuticals magnate Stewart Rahr paid $149,277 on his Mathews Road house in Wainscott

Source: BlockShopper

Calvin Klein paid $159,630 for another oceanfront home on West End Ave. in East Hampton

Baron Capital founder Ron Baron paid $163,265 on his house on Further Lane in East Hampton

Source: BlockShopper

Nine West founder Vince Camuto paid $180,608 on Villa Maria at on Montauk Highway in Southampton. The house rents for $1.5 million per summer

Lazard CEO Bruce Wasserstein, who passed away in 2009, paid $200,730 for his home on Further Lane in East Hampton

Source: BlockShopper

Junk bond legend Ira Rennert paid $483,742 on his Daniels Lane estate in Sagaponack

Here's where these guys eat

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