IRS: Val Kilmer owes $500K in back taxes

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by Associated Press

Associated Press

Posted on December 30, 2010 at 5:06 PM

Updated Thursday, Dec 30 at 5:06 PM

SANTA FE, N.M. (AP) — Val Kilmer owes nearly $500,000 in federal taxes, and a lien has been placed on the "Batman Forever" actor's property, including a New Mexico ranch he's trying to sell.

The Internal Revenue Service filed the lien last month in Santa Fe for an assessment balance of $498,165 for 2008 income taxes.

Kilmer has lived in New Mexico for two decades. He put his 5,300-acre Pecos River Ranch on the market for $33 million in 2009.

The ranch is now listed for sale at $18.5 million, down from $23 million in October.

Kilmer and his agent did not respond to telephone calls and e-mail on Thursday seeking comment.

Kilmer also starred in movies including "Top Gun."

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