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The Economic Times
The Economic Times
National

Jeff Bezos, world's third richest man, received $244,000 jet tax bill as LA County used a secret tracking system to catch wealthy aircraft owners

Amazon founder Jeff Bezos received a roughly $244,000 bill from Los Angeles County over overdue taxes and fees tied to his luxury private jet. Jeff Bezos found himself paying a heavy bill officials intensified the crackdown on wealthy aircraft owners who may have failed to pay California property taxes. The bill is part of a much larger effort led by Los Angeles County Assessor Jeff Prang to identify private jets that spend significant time in the county but have not been properly taxed there.

Under California law, private aircraft are subject to an annual property tax of about 1% of their assessed value. It doesn't really matter where a plane is registered or where its owner lives. Instead, the tax depends on where the aircraft is “habitually situated” when it is not flying, according to Luxury Launches.

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