Jennifer Lopez and Ben Affleck's Beverly Hills mansion is listed for $68 million, but potential buyers need to be aware of the staggering ongoing costs beyond the purchase price.
Calculated estimates indicate that the mansion incurs an annual tax bill exceeding $400,000, with the potential for much higher property taxes in wealthier East Coast areas.
The utility bills for maintaining the couple’s 38,000-square-foot estate may range from $5,000 to $20,000 monthly, depending on energy consumption and amenities.
In California, despite high taxes getting a bad rap, the property tax rate on luxurious estates can be surprisingly lower compared to other affluent regions.
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