How much property tax is Bill Gates paying on his Medina house per year ?
The Gates home is a modern design in the “Pacific lodge” style, with classic features such as a large private library with a domed reading room. The house occupies 50,000 square feet (4,600 m2) on a 5.15 acre (2.1 ha) lot. Garage space and outbuildings may occupy an additional 16,000 square feet. Property records indicate eight bedrooms and four building levels. According to King County public records, as of 2005, the total assessed value of the property (land and house) is $125 million, and the annual property tax is $990,000 (Zillow.com). The lot was purchased in December 1988 for $2 million, and construction occurred over a period of seven years with nominal completion in 1995. The address is 1835 73rd Ave NE, Medina, WA 98039 Gates often entertains the rich and powerful at his home. Once when Bill Gates had a private party at the house, the U.S. Department of Homeland Security announced a “temporary security zone” around Gates’ Lake Washington home which locked down all of Lake Was
