L.a.'s Highest Property Taxes: Detroit Pistons Owner Tom Gores' $100 Million Holmby Hills Mansion | Celebrity Net Worth 2026

It's no secret that California is expensive. No matter how you look at it, it costs more to live in the Golden State than it does in most of the U.S. From apartments to houses, Californians spend a big chunk of their salaries on their homes. Los Angeles is one of the most expensive places in California as well as the U.S. The median home price in Los Angeles is $717,583. For comparison, the median home price in Las Vegas is $238, 384 and in Phoenix, it is $260,962. In Chicago, it is $241,561. In Tulsa, that price is $127,028. In Dallas, it is $219,173. That's how much more expensive Los Angeles is than other areas. (Yes, we know San Francisco, Manhattan, and Seattle have higher median home prices, when we're talking about more than three-quarters of a million dollars it is all just relative and too expensive for 99% of us.)

The average yearly property tax bill for a single-family home in Los Angeles County is around $5,600. However, there are 12 homes in Los Angeles that pay more than $1 million a year in property taxes. Today, we're talking about the $100 million Holmby Hills mansion of Detroit Pistons owner Tom Gores. Gores bought his 10 bedroom, 20 bathrooms, 30,000 square foot mansion on 3.2 acres in 2016 for $100 million. The master bedroom suite of the home is 5,300 square feet – that's roughly twice the size of the average home in the U.S. The property has three swimming pools, two of which are infinity pools. His property tax bill is $1.22 million annually.