Replying to Help NS

I thought it would be fun to rip donuts in my truck on a vacant property that was never really developed. Its been vacant for years. There are a bunch of septic fields and I pretty much tore them apart. This morning two pissed of neighbors called my dads house (its a small town) flipping out. They told the owner of the vacant property who is a multi millionare old guy asshole. Now I might owe the owner more money than I have made this summer in my summer job. Should I call him up and fess up, and possibly pay the price, or see if I can stay low?