Robert De Niro Settles New York Property Tax Dispute



Actor Robert De Niro has agreed to pay officials in a New York town $130,000 in legal fees after deciding to drop his long running court battle over a property tax assessment.

The Raging Bull star purchased his Hudson Valley pad via his Riverside Trust in 1997 for $1.5 million but expanded the estate in recent years to include two guesthouses, a swimming pool, basketball court, boxing space and film production suites. The extensive renovations prompted tax officials to revalue the property at $6 million in 2010 and De Niro challenged the estimation insisting it was only worth $4 million.

A judge ruled against the star in June 2014 prompting De Niro to launch an appeal.

He has since reached a settlement with the local authorities in Gardiner and agreed to drop the appeal and pick up the bill for costs they incurred while defending their assessment.

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