John and Cindy Owe Property Taxes Just Like Us!

By Denise Williams
Jun 29th 2008 1:29PM

Filed Under:eJohn McCain, Breaking News, Gaffes, Taxes

Owing property taxes is a way of life for homeowners. Sometimes we even get a little behind. Sometimes we default. Sometimes our accountants and trustees eff-up paying our bills for our multiple foundation/trust held properties across these great United States. Stuff happens....


When you're poor, it can be hard to pay the bills. When you're rich, it's hard to keep track of all the bills that need paying. It's a lesson Cindy McCain learned the hard way when NEWSWEEK raised questions about an overdue property-tax bill on a La Jolla, Calif., property owned by a trust that she oversees. Mrs. McCain is a beer heiress with an estimated $100 million fortune and, along with her husband, she owns at least seven properties, including condos in California and Arizona. [...]


Shortly after NEWSWEEK inquired about the matter, the McCain aide e-mailed a receipt dated Friday, June 27, confirming payment by the trust to San Diego County in the amount of $6,744.42. County officials say the trust still owes an additional $1,742 for this year, an amount that is overdue and will go into default July 1. Told of the outstanding $1,742, the aide said: "The trust has paid all bills shown owing as of today and will pay all other bills due."


Now, the thing I don't get is that the overdue tax bill was for 4 years worth of property taxes. The Newsweek article I linked to doesn't indicate whether these are partial tax bills due or what. I can only hope so....I suppose it could be a net difference in the old tax rate vs. a new rate that the accountants had not taken into consideration or had not been made aware of. I would be truly incensed if the McCain's annual property tax bill for beachfront in La Jolla, CA was $1500 less than our modest townhome in south Jersey.


Here's a Google Earth tour of the McCain properties:

(h/t Paddy)



It may be time for Mrs. McMealTicket to hire some new accountants.

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