I was reading the Wikipedia entry for Bill Gates, and I stumbled across this tidbit about his home:
According to King County public records, as of 2002, the total assessed value of the property (land and house) is $113 million, and the annual property tax is just over $1 million.
One hundred thirteen million dollars? Let’s put that in perspective for those of us that live in Sioux Falls. Here are the top three most valulable properties in Sioux Falls, according to the latest tax assessments:
For those that don’t live in Sioux Falls, The Empire Mall is a decent size mall for any community. The largest in a 200-mile radius at least.
So, no matter which way you cut it, $113 million dollars is an insane amount of money for a home. More than the $90 million estate in the Hamptons that Dave wrote about last week. Almost four times as much as the $32 million home Jerry Seinfeld bought from Billy Joel.
And, alas, more than my home, last time I checked.
(Note: I stole the above image from this page. There are some more good shots of the house there.)