I pay more in property taxes than some of these people do!
In Colorado, some famous faces, names get ag-land tax breaks, too
- Mar 6:
- Colorado tax break intended for struggling farmers enriches developers, investors
- Mar 4:
- Adams County assessor proposes big increases to taxable land values on properties in Post report
- Feb 3:
- Retooling vacant-land taxes urged as developers seize on ag breaks
- Jan 31:
- Legislative panel Oks reviving ag tax exemption
- Jan 7:
- Legislation aims to minimize Colorado's ag-land tax breaks
- Jan 2:
- Cherry Hills Village properties are fertile ground for tax breaks
- Dec 29:
- Colorado energy companies often able to take advantage of lower agricultural tax rate
- Dec 17:
- Ag label lands Hick a lower tax
- Dec 3:
- "Recreational property" reaping a truckload of ag-tax benefits
- Nov 21:
- Acres of tax breaks provide fertile harvest on land surrounding DIA
- Nov 8:
- Colo. lawmakers urged to stop abuse of ag-land tax status
Second oftwo parts
Actors, captains of industry, an Ivy League astrologer, sports figures, politicians, energy giants, schoolteachers from Pasadena, Calif. All these are also considered farmers or ranchers for tax purposes in Colorado. They have secured low property taxes through agricultural designations on land they own even though they personally have little or nothing to do with producing food — the reason state legislators originally created a low property-tax rate for the agriculture sector.
In some cases, the properties where they have second, third or fourth homes were traditional working ranches before they were sold to the wealthy and became
what, in real-estate lingo, are termed "gentleman ranches" or "recreational ranches."Some of these are leased to real ranchers to operate or are run by hired ranch managers. More often, the owners of the smaller, high-dollar vacant properties allow sheep or cattle to graze their land for short periods, share equestrian facilities with other owners or cut hay on their subdivision lots to slash annual taxes from thousands of dollars to two-figure amounts.
The following are a sampling of the hundreds of notable or surprising agricultural landowners The Denver Post found while combing through assessors' rolls in Colorado:
Sheep graze on land.
Actor Tom Cruise owns five parcels of land on a scenic mesa northwest of Telluride that has become an enclave of high-end vacation homes. Sheep graze around the mansions for brief periods each year, according to the assessor's office. Cruise pays just more than $400 in taxes for 248 acres for which he paid nearly $18 million between 1994 and 2002. He pays $11,380 in residential property taxes for the land where his $9.7 million home is located.
Partially irrigated.
Sen. Gail Schwartz, D-Snowmass Village, and her husband, Alan, own
EXTRAS
- The findings: View the Post analyzed agricultural land data in nine Front Range counties.
- Got a tip? The Post has been investigating the use and abuse of the agricultural tax designation. If you know of a story to pursue, contact us at 303-893-TIPS (8477) or toll-free at 866-748- TIPS, or e-mail us at TIPS@denverpost.com.
Bootjack Ranch.
Kelcy Warren, an energy-industry billionaire, racked up the second-most expensive real-estate transaction in the country last year when he bought the 3,500-acre Bootjack Ranch near Pagosa Springs for $46.5 million.
Warren is the co-founder of Energy Transfer Partners, one of the largest gas-pipeline companies in the world. He paid nearly $70,000 in property tax for the ranch that straddles two counties, but most of that is for the many buildings on the property, not for the land.
Enchanted Mesa
Ranch.Charlie Ergen, a professional blackjack player turned media mogul, owns nearly 600 agricultural acres near Ridgway. The chairman and founder of EchoStar Communications Corp. pays $3,185 in taxes on the Enchanted Mesa Ranch. Most of that covers the ranch residences and outbuildings on the spread.
Spiritual, cultural space.
David Tresemer, an astrologer and Harvard-educated psychologist, owns 191 acres and four structures that are listed as farm buildings or residences in the foothills west of Boulder where he operates the StarHouse. It is advertised as a spiritual and cultural space for celebrations of the seasons, the lunar cycles and rituals from ancient and indigenous cultures.
He pays $11.48 in taxes for 38 of the vacant acres and $3,699 for the remainder of the land with the buildings.
Hay on West Meadows.
Dick Ebersol and Susan Saint James own a 35-acre lot in the upscale West Meadows subdivision near Telluride. They purchased the land for $1.8 million in 1996 and pay $123 in property taxes on it annually because there is hay on it. They also own an $11 million home in the Mountain Village.
Land to develop.
Walker Stapleton, Colorado's newly elected state treasurer, co-owns nearly 180 acres near Castle Rock with taxes of $116. Stapleton is planning to develop that land.
6,500 acres at Gateway.
John Hendricks, chairman and founder of Discovery Communications, owns more than 6,500 acres of agricultural land in Mesa County in his name and under subsidiary companies. The land is in and around Gateway, where Hendricks owns a luxury home, a car museum and a hotel-and- restaurant complex. Hendricks has plans for more housing and commercial development as part of the Gateway Canyons Resort project. His taxes are as low as $7.27 for some 40-acre parcels.
Star Mesa's empty land.
Craig Slater is executive vice president of the Anschutz Corp. He owns 41 acres of grazing and irrigated empty land on Star Mesa near Aspen that he purchased for $4 million in 2005. He paid $55.44 in property taxes for the land last year.
On the Grand Mesa.
Universal Faithists of Kosmon, which believes in a new-age bible purportedly channeled by a clairvoyant dentist in the late 1800s, purchased 40 acres of agricultural ground in Mesa County last summer. The land on the Grand Mesa includes a ranch house, so the tax is $1,503. The Faithists teach that human beings are going to evolve into the Kosmon Era, a time of worldwide peace and joy.
Along the highway.
Klaus Obermeyer, Aspen ski pioneer and ski-gear inventor, owns 3.2 agriculturally designated acres along a road that parallels Colorado 82 near Basalt. Obermeyer came to Aspen in 1947 and started a ski-clothing company. He is credited with inventing the first down ski parka, mirrored sunglasses and turtlenecks at his Sport Obermeyer company. His annual property tax on his Basalt land is $27.80.
Adjoining Home Run Ranch.
Actors Kurt Russell and Goldie Hawn own adjoining agricultural properties between Aspen and Snowmass that they call Home Run Ranch. Hawn owns 34.65 acres. Her annual taxes that take into account her 2,700-square-foot home are $2,873. Russell has 37.6 acres. His total annual taxes are $16,787 — most of that for the two residences, including a 6,500- square-foot, eight-bedroom home. They fought to have their land reclassified as agricultural nine years ago and received the big tax break along with a check for $37,780 from Pitkin County for overpayment of taxes for two years.
Classified as grazing.
Teacher Inc. Money Purchase Pension Plan, an investment vehicle for teachers in Pasadena, Calif., owns 4.7 acres of grazing land on Specie Mesa near Telluride. The land was purchased for $800,000 in 1995. It is classified as grazing land, so the taxes are $100 a year.
"Farm" owners
Tom Cruise
Actor
Property: Five parcels of land on a mesa northwest of Telluride, about 248 acres in a region of high-end vacation homes
Property tax: $400
Gail Schwartz
State senator
Property: 15.4 acres of partially irrigated meadowland near Basalt
Property tax: $54.52
Charlie Ergen
Media mogul
Property: The Enchanted Mesa Ranch, nearly 600 acres near Ridgway
Property tax: $3,185
Walker Stapleton
Treasurer
Property: 180 acres near Castle Rock
Property tax: $116
Klaus Obermeyer
Ski pioneer
Property: 3.2 acres along a road that parallels Colorado 82 near Basalt
Property tax: $27.80
Goldie Hawn
Actor
Property: 34.56 acres and a 2,700- square-foot home that adjoins Kurt Russell's property with two residences
Property tax: $2,873
This story has been corrected in this online archive. Originally, because of a reporting error, a story on Page 1A Monday incorrectly said State Treasurer Walker Stapleton owns agricultural land and a cabin in Gunnison County. The land is actually owned by someone with a similar name. Stapleton co-owns agricultural land near Castle Rock with agricultural tax exemptions that they plan to develop.
Read more:In Colorado, some famous faces, names get ag-land tax breaks, too - The Denver Posthttp://www.denverpost.com/news/ci_17553507#ixzz1GOUYpV4F
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