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Wouldn’t it be a hoot if ignorant Dems / Marxists understood property assessment for tax purposes?
Wouldn’t it be a hoot if ignorant Dems / Marxists understood property assessment for tax purposes?
The tax appraisal for Mar-a-lago is $17 million, which is lower than the $27 million that the Trump Corporation said the property was worth in 2020. But both figures are substantially lower than the $1+ billion that Eric Trump claimed, based on recent sales of unrestricted acreages in the area.
The values of Florida real estate have increased substantially in recent years but the building restrictions on this property will always keep the value low. Trump has a history of trading away future value for short term gain today. But at the time he signed off on the restrictions on Mar-a-lago in the early 90's, he was in deep financial trouble in Atlantic City and he was unsuccessful in selling the renovated beach property to raise cash.
If the club was operating at a profit, it would be worth more as well, but the only time the club was profitable was when Trump was in the White House. That's not to say that under better management it couldn't be turned around, but money losing businesses are worth a lot less than those which are profitable when you go in the door.
Wouldn't it be a hoot if conservatives understood banking, collateral, and "fair market values" instead of listening to the lies of the Trump Family.
Just the fact that you equate "Dems/Marxists" as equivalents show the depths of your ignorance and stupidity.
Keep telling us who you are Hollie. Best comedy posts this month!!!
I wasn't arguing that and I agree that the auditors for the county usually are low. I am saying the judge did NOT set the price. If you and tRump believe it is worth a billion or more praise the lord. Now have tRump pay taxes on the property at that appraisal!In my state, tax appraisals are almost always considerably lower than market value. Large increases in assessments are very rare with the exception of when a property is sold and the assessment is squared up with the sales price.
I suppose Trump could have gone to his county auditor’s office and filed a dispute that his property was actually worth a lot more than their assessment. The auditor would have looked at him like he was crazy because NOBODY EVER DOES THAT.
I don’t think you people have ever owned real estate in your lives. Apartment renting urbanites in NY don’t have a clue about any of this.
I own many pieces of real estate. I fully understand how it works. Apartment renting Democrats or those still living in their parent’s basement are the problem.
$18 million vs $500 million (or even a billion according to tRump) is not a tax assessment error/difference.Wouldn’t it be a hoot if ignorant Dems / Marxists understood property assessment for tax purposes?
Nope. The form required is a form banks require for multi million dollar loans, done by a Certified Accounting firm, and sworn to be factual and truthful.A bank ask you what you THINK your property is worth. You can think whatever you like. You can list your property for whatever you what to list it for
So it seems (DeCrepid) now understands the difference between assessed and market value of real estate.$18 million vs $500 million (or even a billion according to tRump) is not a tax assessment error/difference.
My house is taxed at @ $250K and if I sold it today I could probably get $275-$300.
That's a typical spread of 20% ish.
First of all, an appraisal is not an assessment. Learn the difference.Wouldn't that be a hoot?
Could tRump even pay it at this point?
Rep. Jared Moskowitz calls for Palm Beach County to tax Mar-a-Lago at the rate Trump claims it's worth
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.www.nbcnews.com
Not an appraiser. An assessor.Gawd almighty! The JUDGE did NOT say Mara Lago was worth $18 -$27 million....the appraiser and Trump did.
Since what Trump did is almost a universal practice in real estate, maybe you can point us to a list of others that New York is going after? I'll wait.Not me. I'm waiting to see what happens on appeal.... Which is part of the legal process....
Trump will get his chance once again, in the appeals court.
This case is not about taxes or insurance fraud or bank fraud.....
It is about following the laws in place for good business practice and environment for all businesses....A market place of fairness and truth for all businesses.
You idiot, I always have. YOu and your fellow tRumplings are the ones who don't, as evidenced by the current exchange.
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Nope. The form required is a form banks require for multi million dollar loans, done by a Certified Accounting firm, and sworn to be factual and truthful.Since what Trump did is almost a universal practice in real estate, maybe you can point us to a list of others that New York is going after? I'll wait.
