Joel Osteen's new pad

[Joecooool]

And he is a smart fuker too. The mansion is not technically owned by Osteen but is in a trust set up by his church to avoid taxes.

[Craig]

Nice place. What does this have to do with...anything..?

[Loco Vette]

[Y2Kvert4me]

Almost makes me wonder how other best-selling authors live, but then again, I don't concern myself with other people's finances.


If by playing wannabe IRS agent you suspect this person is engaged in illegal activity, DO NOT GET OUT OF YOUR CAR, instead call the appropriate authorities and provide them the factual information you have regarding the matter.

[Cybercowboy]

Originally Posted by Y2Kvert4me

Almost makes me wonder how other best-selling authors live, but then again, I don't concern myself with other people's finances.


If by playing wannabe IRS agent you suspect this person is engaged in illegal activity, DO NOT GET OUT OF YOUR CAR, instead call the appropriate authorities and provide them the factual information you have regarding the matter.

Better yet, just tell the IRS that it's highly likely this guy donated to the Tea Party and True The Vote.

[Broken Wind]

Hot wife too. The man is the devil.

[m and t's77]

Originally Posted by Cybercowboy

Better yet, just tell the IRS that it's highly likely this guy donated to the Tea Party and True The Vote.

Wow,playing hardcore.

[Stangkiller]

That's cool, i'm missing the part where I should care...if you notice his pool is missing water, are you volunteering to help him out or something?

As for that area, that's not even really much of a noteworthy home.

[Chuck A]

he seems like a down to earth guy
very cool, indeed

[jda67gta]

Nice pad. I'd put in a bigger garage.

[VITE1]

The full stroy

After move to $10.5 million River Oaks mansion, Joel Osteen offers Tanglewood land for $1.1 million


By Clifford Pugh


At Lakewood Church, Joel Osteen proclaims,"It's God's will for you to live in prosperity instead of poverty." The pastor of the Houston megachurch and wife Victoria certainly practice what they preach.

The couple has moved to a $10.5 million mansion in River Oaks, while keeping their former Tanglewood residence, valued at $2.9 million.

They are, however, selling a vacant lot next to their former home. Asking price for the half-acre property at the corner of Doliver and Sherbrooke: $1.1 million. Martha Turner Properties has the listing.

The lot is marked by an ivy-covered wall that adjoins the 5,600-square-foot, four bedroom home. When the land is sold, the property will be divided.

In a sign that the Houston real estate market remains soft at the high end, the Tanglewood lot was first offered for sale at an asking price of $1.4 million last August. The price was dropped to $1.299 million in December and to $1.1 million last month.

Several months ago, the couple and their children moved to a 17,000-square-foot stone mansion in the Tall Timbers subdivision in River Oaks. The Osteens' new home is situated on 1.86 acres and surrounded by an ornamental fence. The 411: It has six bedrooms, six bathrooms, three elevators and five wood-burning fireplaces, with a one-bedroom guest house and pool house. The Harris County Appraisal District valued it at $10.5 million.

The Tanglewood house is owned by Joel and Victoria Osteen according to Harris County Appraisal District records. The River Oaks home is technically owned by the Covenant Trust, which means the Osteens do not qualify for a homestead exemption on it. They will pay around $260,000 in property taxes on the new home this year.

"The homestead exemption would reduce that amount, but they probably put the ownership in a trust for federal tax purposes that outweighs the benefits of the property tax exemption," surmised a home appraisal specialist who asked not to be identified.

According to reports, Osteen hasn't drawn a salary from the church since 2005. His income comes from best-selling books and related products, such as calendars, daybooks and inspirational pamphlets.

After move to $10.5 million River Oaks mansion, Joel Osteen offers ... - CultureMap Houston

[Loco Vette]

Originally Posted by VITE1

The full stroy



After move to $10.5 million River Oaks mansion, Joel Osteen offers ... - CultureMap Houston

Any truth to the prior assertion that the house is in the church's name as a tax dodge that you can find?

[VITE1]

Originally Posted by Loco Vette

Any truth to the prior assertion that the house is in the church's name as a tax dodge that you can find?

The Tanglewood house is owned by Joel and Victoria Osteen according to Harris County Appraisal District records. The River Oaks home is technically owned by the Covenant Trust, which means the Osteens do not qualify for a homestead exemption on it. They will pay around $260,000 in property taxes on the new home this year.


"The homestead exemption would reduce that amount, but they probably put the ownership in a trust for federal tax purposes that outweighs the benefits of the property tax exemption," surmised a home appraisal specialist who asked not to be identified.

They have to pay 260K a year in property taxes but get Federal tax relief due to the property being held in a trust.

And he has gotten no income from the Church since 2005 since he makes enough with his other endeavors.

[VITE1]

What I gotta love is the OP disdain for someone who gets money from people willingly and then uses the law to live well.

But he demands the government take money from us unwilling so those who will do nothing to help themselves can get by with no effort.