Trump has claimed his Florida resort is worth as much as $1.5 billion, but the Palm Beach County property appraiser valued it far lower.

Trump has claimed his Florida resort is worth as much as $1.5 billion, but the Palm Beach County property appraiser valued it far lower.

A Democratic House member is asking Palm Beach County, Florida, to tax Donald Trump’s Mar-a-Lago property at the rate the former president claims it is worth amid his ongoing civil fraud trial in New York.

In a letter first provided to NBC News, Rep. Jared Moskowitz, D-Fla., issued the request to Dorothy Jacks, Palm Beach County’s property appraiser.

Moskowitz noted New York Judge Arthur Engoron’s ruling last week saying that Trump repeatedly committed acts of fraud for years. Engoron ruled that Trump lied to banks and insurers by overvaluing and undervaluing his assets while exaggerating his net worth to billions of dollars.

  • Buelldozer@lemmy.today
    25·
    10 months ago

    It’s worth less than other properties because of those use restrictions.

    LOL, you have no idea how exclusive real estate works do you? The wealthy will pay absolutely MASSIVE premiums to keep away from the poors. It’s why every property in that neighborhood is stupidly expensive.

    • catfish@programming.dev
      62·
      10 months ago

      do you acknowledge the existence of said restrictions? or are we just giving anecdotal commentary?

      • Buelldozer@lemmy.today
        13·
        10 months ago

        Do you acknowledge that other properties in that same area with those same restrictions are listing and selling well over the 100 Million dollar mark?

        I hear what you are saying but it doesn’t match with documented reality. You are entitled to your opinion but not your own set of facts.

        • WoahWoah@lemmy.world
          41·
          10 months ago

          Which other properties in the area have the same restrictions? I didn’t know about that.

        • catfish@programming.dev
          31·
          10 months ago

          You are entitled to your opinion but not your own set of facts.

          lmao this sound exactly why the special silver boy is on trial on NY right now, if I recall correctly the judge referred to it as a “fantasy world”.