Send news tip to FOXNews.com

SUBMIT

Wesley Snipes Owes $70,000 in Back Property Taxes

Friday, February 08, 2008

Actor Wesley Snipes owes $70,000 in back property taxes on his multimillion-dollar New Jersey mansion.

The 45-year-old tax scofflaw, recently cleared of serious fraud and conspiracy charges in Florida, now could lose his $8 million home in Alpine, Bergen County, if he doesn't cough up the cash within two years.

In December, Alpine sold a lien on the house, which in name is owned by Snipes' Nevada-based company, Kymberlyte Production Services.

Court records show that his company paid $46,722 in property taxes for 2006 but didn't pay $17,969 in interest and penalties. The company also failed to pay $49,139 for 2007, the Bergen Record newspaper reported.

Snipes owned the sprawling home until 2002, when his company bought it for $5.6 million.

Click here to read the rest of this story in the New York Post

For more news, entertainment and sports coverage, click here for NYPost.com.

Related

Fox News Video
ADVERTISEMENT

FNC iMag


ADVERTISEMENT

Advertise on FOXNews.com ,FOX News Channel , and FOX News Radio Jobs at FOX News Channel. Internships @ FNCU

Terms of use. Privacy Statement. For FOXNews.com comments write to foxnewsonline@foxnews.com; For FOX News Channel comments write to yourcomments@foxnews.com

This material may not be published, broadcast, rewritten, or redistributed. © 2008 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.