Elton John sues over penthouse value
Elton John has filed a lawsuit against the Fulton County tax assessors office, saying the county overvalued his penthouse condominium.
The tax assessors office placed a value of $4.6 million on John’s 12,000-square-foot condo on Peachtree Street in Atlanta’s trendy Buckhead neighborhood.
But that value is $900,000 too much, the 59-year-old singer’s experts say.
If he prevails, John would save $16,000 a year in taxes. If he loses, he can expect to pay $77,250 a year.