Why wealthy condo owners haven’t paid their taxes

They’re the owners of some of the priciest real estate in Manhattan — condos in luxe buildings like One57, 15 Central Park West and Trump Tower — and they owe the Big Apple more than $100,000 each in back real estate taxes, city records show.These millionaires...

Why wealthy condo owners haven’t paid their taxes

They’re the owners of some of the priciest real estate in Manhattan — condos in luxe buildings like One57, 15 Central Park West and Trump Tower — and they owe the Big Apple more than $100,000 each in back real estate taxes, city records show.

These millionaires and billionaires are among the 22,629 property owners throughout the city that are delinquent on nearly $800 million in taxes on their home sweet homes, according to the Department of Finance.

That figure is down from the $890 million owed a year ago by some 24,202 property owners.

While working stiffs might have a ready excuse for not paying the tax man — like they just didn’t have the cash — these extraordinary folks have extraordinary excuses for not paying the tax man.

One property owner said he lost track of the tax bill because he was going through a divorce. Another said a year or so of bad investments left him a little short.
Here are the best excuses from the wealthy, but delinquent.

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