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BILL GATES - ILLUSTRATION OF HIS HUGE HOUSE !
King County reassessments have not been devoid of controversy. In 1997, none other than Bill Gates -- yes, that Bill Gates -- objected to the $53.3 million assessment on his mansion and five-acre estate. He and his wife, Melinda, eventually paid the $600,000-plus tax bill. Gates may now look back on that year with nostalgia. His 2000 assessment was $109.5 million, translating into a $1 million property tax bill.
Bill Gates' Mansion. Microsoft CEO Gates' new mansion on Lake Washington includes 20 rooms, a 60-foot pool, a manmade trout stream, a 30-car garage, and a lakeside "activity pavilion." But the IRS sets no limit on the property tax deduction. So Gates and wife Melinda can write off the entire $1,076,385.
Wow. So zero dollars in property tax on a $109 million dollar home.
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