I wonder will property taxes be based on the $422 million valuation?
That’s a good question. I saw somewhere else I think they said Trump had just paid $2 million in property taxes for it last year. So he will be off the hook for that, but he could face some capital gains taxes if the profit from the original purchase price isn’t re-invested in another piece of property, or at least that’s how it typically works I think. Trump probably has tax lawyers that can find loopholes however.