Posted on 10/30/2023 1:34:53 PM PDT by ChicagoConservative27
Donald Trump’s tax broker was forced to admit to authorities in 2020 that Mar-a-Lago had a market value of just $27 million — not the $517 million claimed in other documents, trial evidence revealed Monday.
Trump, 77, also allegedly boasted of having a net worth of up to $5 billion — likely more than double what he really had — to land the coveted lease to a New York City golf course in 2010, according to documents.
The revelations came during the fifth week of New York state’s $250 million Manhattan Supreme Court civil fraud case against the former president, whose sons Don Jr. and Eric are set to testify this week.
Trump’s daughter Ivanka Trump was scheduled to take the stand in the case Friday, but her testimony has been postponed until Nov. 8 because of a scheduling conflict, ABC News reported Monday.
(Excerpt) Read more at nypost.com ...
what is a tax broker?
and what would he know about market value?
Entire thing is ludicrous political prosecution.
The property alone is worth more than that if there wasn’t a building on it
Utterly retarded.
Not a damn thing.
$27 Million is a Joke.
Worth 15 x that or more.
How does any of this matter? Who was defrauded? Was there even a victim here? Why is it pertinent now??
Nothing but a big pile of bovine excrement.
Some Conservative investors ought to offer 700 million- just offer.
stupid, .meaningless numbers used by Letitia James and NY Post to incite the mob and low-info Democrats.
What’s Mar-a-Lago’s value for property taxes? For insurance? How about for sale? For re-development? For bank loans?
Letitia James is trying to post-hoc litigate this all through a corrupt NY Judge. Its completely asinine.
I don’t get it. If the lender does their due diligence and agrees to make the loan, what business is it of the gov’t to step in and say they shouldn’t make the loan? It’s a private transaction and it’s up to the lender to say whether the property is enough collateral for the loan, not the gov’t. To me, this is classic over-reach.
Tax value has little or nothing to do with actual value in Florida. Property taxes, based on tac value, can only go up a certain percentage per year. The longer you have owned a property the lower the tax value is compared to real value.
My in-laws own a $2 million property that the tax man says is worth $350K.
You must be at least one of the following to believe that estimate on the value of Mar a Lago.
* A cynical reprobate
* Brainwashed by cynical reprobates
* Too stupid to walk and chew gum at the same time
Anybody who has ever applied for a mortgage loan or made an insurance claim knows that the banks and insurance companies determine the value of a property using their own criteria.
Does he get a property tax refund?
The crime is lying on bank documents.
Inflating the value of property in order to take loans against it is bank fraud.
Yes…it is a civil offense. Yes…it is serious.
Or, it would be serious if you or I did it and got caught. But if Trump does it…its the left chasing after him. You see, the rules don’t apply to him because….well, I am not sure. But he really thinks they don’t.
He is wrong.
What people are missing is the roaring sound of big money fleeing the jurisdiction of New York State.
Nobody with a brain is it going to willingly park money in that communist hellhole.
MY guess is that’s what the property was appraised for, for tax purposes. Appraisals are very commonly only a tiny fraction of the actual cost.
Mar a lago is worth at least 270 mil just look at that place here in la you can find a medium sized mansion for 27 mil
It is up to Bankers/lenders to do their own due diligence, and if they did or didn’t but they claimed no fraud, then it is not to courts to rule differently.
Do the comps.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.