Billionaire Ira Rennert has attracted all manner of scorn for his 64,389-square-foot mansion in the Hamptons. But one group couldn't be happier: the local tax collectors.
According to an analysis by PropertyShark.com, Rennert has the highest property-tax bill for a single residence in the tri-state region of New York, New Jersey and Connecticut.
His property tax on the estate, which has an estimated market value of $248 million, is $649,281 a year. That's enough to buy at least two houses in most of the country—or a decent starter cottage in nearby Southampton.