CELEBRITY PROPERTY TAXES: TIGER WOODS BUYS $38M COMPOUND ON JUPITER ISLAND

Tiger Woods has purchased a 10-acre Jupiter Island estate, paying a record-breaking $38 million for the waterfront compound. Combining three separate parcels, the deeds into three separate legal entities were dated January 26, 2006.

The parcels stretch from the intracoastal waterway on the west to the Atlantic Ocean on the east. The property includes two boat docks and four houses. Historically, new owners on Jupiter Island tear down existing improvements and rebuild in their own image. Look for Tiger Woods and his wife, the former Elin Nordegren, to do the same. The main house on the property is about 13 years old.

Tax assessment of the three parcels combined for 2005 was $21,567,710. Look for these assessments and those of the other luxury residential properties on Jupiter Island to increase for 2006 based on these transactions.

"It just seems like every time you turn around there's a new high price that's been hit," Assistant Martin County Property Appraiser Mike Fribourg said.

For more detail on this celebrity tax assessment, click on the link below and input the three addresses of 462 Beach Road, 466 Beach Road and 467 South Beach Road.

http://fl-martin-appraiser.governmax.org/propertymax/rover30.asp?sid=F4768F3D919E467EB940BAE1F946BE71
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Daniel A. Weiss is a former Attorney Special Master for the Miami-Dade County Value Adjustment Board. Mr. Weiss now represents commercial, institutional charitable, commercial, high-end residential, agricultural and municipal taxpayers at VAB proceedings throughout the State of Florida. Mr. Weiss handles both valuation and legal claims.

Mr. Weiss has over 25 years property tax experience. Mr. Weiss represented the Miami-Dade County taxing authorities in litigation and appeals between 1981 and 1995 as a Miami-Dade Assistant County Attorney and has since represented taxpayers in property tax matters.

In Florida Trend magazine’s “Legal Elite” issue, July 2004, Mr. Weiss was selected by his peers as one of the top 30 government lawyers in the State of Florida.

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