Val Kilmer Ranch Slapped With Second Tax Lien

Poor Val Kilmer. The Batman Forever star has been trying to sell his $18.5 million Pecos River Ranch near Santa Fe, N.M., for what seems like forever.

Seven months ago he was slapped with a tax lien of $538,858 which he paid. Now comes word that a second lien, this one running $498,165 for unpaid taxes to Uncle Sam, has been placed on the 6,000-plus acre ranch he is trying so hard to sell.



Kilmer runs the ranch as a bed-and-breakfast, and it is one of the most beautiful acreage properties in the country, with seven miles of breathtaking river frontage along the Pecos River, Search Homes for Sale See photos of homes for sale in your area and across the country on AOL Real Estate 30 minutes out of Santa Fe, that took Kilmer many years to amass. The spread includes a 10-bedroom, 10-bathroom home of 11,573 square feet, with 10 natural springs, world-class fishing and more than 50 miles of hiking and biking trails.

But the market is down, and Kilmer has chopped the price of his southwest paradise almost in half. In 2009, he had it listed for $33 million and then lowered the price to $23 million last October. The ranch was even listed on Craigslist. Chop, chop: Kilmer is now asking $18.5 million.

According to the current listing agent, there has been a lot of interest in the ranch. He did not say whether the tax liens might force Kilmer to lower the price of the property further or scare away potential buyers, since all tax liens must be disclosed. Of course, in this economic climate, tax liens may not be all that unusual: Realtor magazine says that the federal government held tax liens on more than 1 million properties in 2008.

The star of The Doors and Kiss Kiss Bang Bang, Kilmer has floated the idea of running for governor of New Mexico, where he has lived for the past two decades. The latest word is it's unlikely we'll be calling him Governor Kilmer. But should that change, he should be highly supportive of tax reform.





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Caprice K.S.T.

If a said property for 450thousand were vandalized and private purchase covered, then a reverse mortgage on said
Property house, and an insurance fraud claim to renovate could the fine be misreappropriated to ....
Leaving the burden and estrangement of lifestyle home etc. On other than notified to public etc. Who the prop.and
Home belongs belonged to said lawsuits regarding it pending? get the gist, NIGHTMARE HALLOWEEN!!!!!!

February 22 2011 at 7:59 PM Report abuse rate up rate down Reply
Jimmy

Tax favors is just another municipal give away to special interest group and film industry is no exception. Tax money is essential for the survival of the proper daily operation of the community that you reside in and this is where corruption happens from the elected officials. Most jobs created by Hollywood isn't making money in NM anyway so legislature is smart to table the bill. Good job New Mexico.

February 12 2011 at 12:41 PM Report abuse rate up rate down Reply
BrokeDog

Sounds like he may be selling at a loss, now (?) Anyway, the property must be fantastic (if that last picture resembles his place, any at all)! I'd buy it if I had the $'s! In a heartbeat!

February 06 2011 at 6:19 AM Report abuse rate up rate down Reply
sfkendoll

Such nasty self-hating and self-loathing people out there. It's repugnant when idiots get on these comment blogs and whine incessantly about someone's looks. Please do us all a favor and post a video or a picture of yourself taken today and make sure you post the link so we can all see just how fabulous time has been to you. Instead of commenting on Kilmer's looks, why not use the story as a means to comment on the state of real estate in this country... but I warn you... it does intail thinking.

February 06 2011 at 3:12 AM Report abuse rate up rate down Reply
Sam

Everyone send him $5 and if one million readers do that he can keep the ranch and give each person that sends him money a couple of days on the ranch for the help and he should be set for life. remember this is cash and no he need not report it if he wishes not to. Anyway why should he so our Government can send more money to countries that hate us and then cut spending here. It's all B>S> what they do to hard working individuals in this country and then squander our hard earned tax money on more of the same B.S. Count me in for the $5 anyone got his address In God WE Trust will be good.

February 06 2011 at 12:14 AM Report abuse rate up rate down Reply
legal farmhand

And I only want to keep a house I paid for by cashing in my retirement on a failed promise by someone I dearly loved

It will be a lawyer’s game; they will milk all the money away then walk. They do not work for justice, just job security and more money.

My lawyer in Columbia Mo wants me to give my wife 35,000 $ out of [maybe 50,000$ left of my retirement], she has gambled away about $ 200,000, gone bankrupt on $35,000, sold a $20,000 family car and much more., Accused me of illegal porn on one of three computers [the one she bought]. Fulton Mo Lt detective analyzed the computer, found no illegal porn. Wife took computer to US attorneys , they found porn but told me anyone could of caused it to be on computer. In a previous divorce Helene had threatened Jim with sexual misconduct if he did not make payments on a newer car for her. Her former husband and his wife volunteered to testify for me. My lawyer will not bring up these facts, because the Judge will get mad.

My lawyer and wife’s lawyer did not show up for the pretrial conference, [probably] had already agreed on getting money out of me]
She took the computer to the local police; they did not find illegal porn, the Lt Detective stated she got upset that he would not arrest me on her word. The detective suggested calling the FBI. The agent for the western district of Mo could not find any record of any reports involving this allegation.
Later my NJ called, demanding household items, I refused, she informed me all she had to do was call the U.S. attorney in Saint Louis and I would be prosecuted for child porn.
I hung up, and immediately called the U.S. attorney, asking for the name my NJ had quoted. The U.S. attorneys office confirmed that there was illegal porn, but they could not prove how / or who caused the porn to be on the computer. I informed the U.S. attorney of wife’s former husband contacting me, volunteering to testify in my behalf, that she had demanded a new car when they divorced or she would charge him with sexual misconduct with her teenage daughter. The reason for the divorce from her former husband was her having an affair. I wish I had known before marriage what I know now.

The lawyer’s still insist I give her $35,000 and pay her health insurance until the FREE obamacare goes into effect
She is presently living in a government paid apartment at all taxpayers’ expense and gambling.
I do have documents supporting the money she gambled away and how I used my retirement to purchase a house. And much more. I do not want to make this so long, but there are more details.

ALL BECAUSE OF GAMBLING

Spencer Chaffin
swc453@sbcglobal.net
Fulton Mo 65251.

February 05 2011 at 8:40 PM Report abuse rate up rate down Reply
WILLIAM SOWLES

One of Jerry Brown's campaign promises was to get California working again. Perhaps Jerry should look at getting the film industry back to Hollywood with some tax breaks of his own. After all that's where the talent and studios are located.

February 05 2011 at 6:59 PM Report abuse rate up rate down Reply
jay love

I hope somehow Val is able to get a new movie, or some work that pays well so he can bail himself out and be able to keep his beloved ranch! despite what some BoneHeads on here may think and say, I really like Val Kilmer as an actor and think he is pretty good when he gets a part that fits his talant? I know he loves that land so I hope he can work it out, if not I hope all the best for him and that someone else who truly loves it and New Mexico will be a good steward of the land!!!

February 05 2011 at 6:11 PM Report abuse rate up rate down Reply
Jack

This is a sign of the times. Many people are going through a bad time with the tax man and credit card companies with their hands out for more. There are no good paying jobs out there so what is left. Inflation is up and earnings are down. Trouble ahead.

February 05 2011 at 5:59 PM Report abuse rate up rate down Reply
Hattie Crabtree

I've seen pics of that ranch and house,wow!!!Too bad he has to sell it but he isn't as stupid as Nick Cage with his bad $$ management.I'm shocked no rich person has scooped up that house coz many do own homes in NM like Julia Roberts and Gene Hackman.

February 05 2011 at 4:32 PM Report abuse rate up rate down Reply

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