I don’t Think I know anyone in real estate that did not over inflate the value of a property on transaction’s and under value property for tax payments unless it was in their best interest to do so.
The valuation for tax purposes is done by the county assessors, not the Trump organization, based on the land use. Trump designated its use as a club (very low valuation and aligned with what Mara Lago had become).
If he designated it as residential lots, the current valuation would be astronomical.
What it is worth on the open market is totally different than it’s valuation.
The judge should know this.
How would one undervalue property for tax payments?
Wow. So everyone you know in real estate is a cheater? That’s sad.