What $6 million buys... in taxes

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Frequent commenter Better Village emails to point out an Interesting item at NYTimes.com explaining what $6 million will buy you in three different real estate markets. You’ve seen items like this before: In Naples, Fla., $6 million buys you a gated, Mediterranean-style, 9,200-square foot estate; In Telluride, Colo., it buys you a 4,300-square foot lodge; and in Los Angeles, it buys you a modern, 6,000-square foot, 4-bedroom house (pictured at left) with sweeping views. You can argue all day long about which home is worth more and where you’d rather live.

Here’s the part Better Village notes: property taxes.
--Taxes on a $6 million home in Naples: $29,332 a year.
--Taxes on a $6 million home in Telluride: $8,198 a year.
--Taxes on a $6 million home in LA: (wait for it... wait for it...) $74,937 a year.

That is a big difference.

Thoughts? Insights? Email story tips to peter.viles@latimes.com.
Photo Credit: Jeffrey Hobgood Real Estate.