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I read an article on Nicholas Cage squandering his fortune and among other things it says he was "...eventually facing foreclosure on several properties and owing the IRS $6.3 million in property taxes".

How can he owe the IRS property taxes? I thought that property taxes were state taxes only in the United States.

  • Income tax on capital gains on the buying and selling of property?? – DJohnM Jan 20 '18 at 17:29
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No, the IRS doesn't collect property tax.

Most of the articles about this are short on substance, but from statements Nicolas Cage made, it sounds like he owed back-income tax that resulted in the IRS putting a lien on his real-estate holdings.

He may also have had property tax issues with local government, but that would be a separate issue from the IRS.

Edit: This article seems solid, suggests Cage's back-tax issues are due to improperly deducting personal expenses.

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