RonJonSurfer Posted June 21, 2006 Report Share Posted June 21, 2006 Elton John Sues Tax Authorities The singer feels authorities have overvalued his multi-million dollar Georgia condominium. Elton John is pressing ahead with legal action against tax authorities for overvaluing his multi-million dollar Georgia condominium. The singer has been forced to pay $77,250 in taxes each year for the penthouse property after it was valued at $4.6 million - $900,000 above his financial advisor's estimates. If his suit is successful, the flamboyant star could see his tax bills drop by $16,000 a year. Craig Klayman, a tax consultant hired to represent Elton, says, "I just don't see how the county can justify that number. "It's just too high looking at what everybody else is valued at." Fulton County Superior Court Judge Wendy Shoob has ordered the two sides to try resolving the dispute through mediation. Copyright World Entertainment News Network 2006 Link to comment Share on other sites More sharing options...
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