Property Tax Bill Flew Past Cheney's Radar | AccountingWEB

Property Tax Bill Flew Past Cheney's Radar

By Teresa Ambord
 
Liz Cheney  US Senate candidate and daughter of Dick Cheney  and her husband, Philip Perry, missed their property tax payment in 2012. Earlier that year, they bought a four-bed, four-bath home in an upscale part of Jackson Hole, Wyoming. The tax records show an official "market" value of the home of $1.63 million.
 
They closed on the home May 23, 2012, and the property tax payment for the first half of the year was due September 1. It was delinquent on November 10. Records show the Cheneys didn't pay up until January 29, 2013. 
 
What happened?
Cheney told Associated Press reporters that originally, the property tax for January through June was to be paid by the sellers, since they owned the house most of that time. The Cheneys didn't realize a change had been made to the financial details. Instead of the sellers paying the bill  amounting to $4,482.43  the money was deducted from the amount the Cheneys had to pay at closing. 
 
The county sent notices of the deficiency, but instead of using the Wyoming address, the bills were mailed to the Cheney home in McLean, Virginia. 
 
"As soon as we learned the tax hadn't been paid for the first half of the year, we paid the tax," Cheney said.
 
The Cheneys have five children, ages seven to nineteen. Perry is an attorney with the Washington, DC, firm of Latham & Watkins. 
 
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