January 17, 2005 04:18:48 GMT
Mel Gibson has lost his appeal in claiming his Connecticut estate as a farm land
Mel Gibson has lost his appeal in claiming 17 of his 75.7 acres Connecticut estate in Greenwich taxed as farm land. The town Assessor John "Ted" Gwartney said that a farmland isn't merely about having a few pigs in the back yard, but is more than having something for personal use. It's about producing continually goods and Gibson doesn't fit the condition.
The refusal then prohibits Gibson from saving for about $10,000 per year in property taxes on his $17.7 million Connecticut estate if only it was granted as farm land. From which according to the Greenwich Time, Gibson has to pay for around $137,000 for his annual property tax bill.