Aaron Carter's estate is valued at staggering amount nearly two years after his tragic death at 34 - but tax bills may eat away at it

Aaron Carter's estate finally has a tentative valuation almost two years after his tragic death.

The late singer — who was found dead at age 34 on November 5, 2022 — had an estate worth somewhere in the high six figures, according to TMZ.

Court documents obtained by the publication estimate the value of Carter's estate at $757,400, as of April 2023.

However, that estimate is likely an undercount, as the documents note that several of Carter's belongings have not yet been appraised.

The former hitmaker — who feuded with his brother, Backstreet Boys member Nick Carter, in his final years — also appears to have tens of thousands of dollars in tax bills due, which may eat away at a significant chunk of his estate.

Aaron Carter's estate has now been valued, according to court documents obtained by TMZ. The singer died on November 5, 2022, at age 34; pictured in February 2022 in Las Vegas

Carter, who released his debut album before he was even a teen, had an estate reportedly worth $757,400, as of April 2023. However, the estate may have extensive debts to pay off; pictured in 2001

He also had claims against the estate from other creditors, though those issues may have already been resolved.

The documents reportedly indicate that Wells Fargo had filed a claim against Carter in January 2023.

It's unclear how much the bank claimed it was owed, it appeared to have been paid in full after that, so the claim was subsequently withdrawn.

Then, in May of 2023, the State of California Franchise Tax Board also filed a claim against Carter's estate, presumably for unpaid taxes. 

The tax board initially said Carter's estate owed around $17,000, but the amount owed was later increased to $77,310.92, though it's unclear what accounts for the discrepancy.

The documents don't appear to clarify if the tax liability has since been taken care of.

TMZ previously reported that Carter wasn't known to have a will at the time of his tragic death.

However, his young son Prince, whom he shared with his fiancée Melanie, would likely inherit his estate.

Carter was reportedly urged by his attorney to make a will shortly before his death, but his child would still be in line to inherit his money — at least whatever is left after all of his debts have been paid off. 

The documents also indicate that there are more of the fallen singer's possession to appraise, including electronics that he kept in storage, along with a collection of firearms, his jewelry, furniture at his home and his vehicles.

Carter was found dead in a bath tub by a housekeeper. He was later determined to have drowned after inhaling a gas used in compressed air canisters and generic Xanax; his house in Lancaster, California, is pictured

Carter had feuded with his brother, the Backstreet Boys singer Nick Carter (R), in the years before his death

In addition to a debt paid off to Wells Fargo, Carter's estate reportedly owes $77,310.92 in taxes. He died without a will, but his son Prince (pictured) will likely inherit what is left after his debts are paid

Carter also received royalties from his music, which will need to be calculated as well.

His estate is hoping to finish valuing his remaining property by the end of 2024, the documents indicate.

Carter died on November 5, 2022, when he was found drowned in a bathtub by a housekeeper.

The Los Angeles County Medical Examiner-Coroner later ruled it an accidental death and determined that he had drowned after inhaling difluoroethane, a refrigerant contained in compressed air canisters used for dusting, and taking generic Xanax.