MicroWaveOct 6, 2023

Rep. Jared Moskowitz calls for Palm Beach County to tax Mar-a-Lago at the rate Trump claims it's worth

https://lemmy.world/post/6391327

Rep. Jared Moskowitz calls for Palm Beach County to tax Mar-a-Lago at the rate Trump claims it's worth - Lemmy.world

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.

Show threadatzanteolOct 6, 2023
“Assessed value” and “market value” are different.
Show threadPistcowOct 6, 2023
My homes assessed and market value difference is 13%, not 400%.
Show threadBuelldozerOct 6, 2023

Is your home sitting in an insanely wealthy area of the country where the mega-wealthy control the assessors office?

While I’m sure that Mar-a-Lago isn’t worth a Billion even the Real Estate Agents in Florida are saying the property is worth a minimum of 300 Million. For perspective a 2.3 acre lot nearby is currently listed at $200 Million and Mar-a-Lago has 20 Acres!

The sub 20 million dollar valuation accepted by the Court is absolutely absurd. That amount of money wouldn’t even buy you Mar-a-Lago’s driveway.

Show threadjordanlund
You could argue that being owned by a former President and being the source of so many trips during his presidential term it became known as “The Southern White House” or “Winter White House” should increase its value.
Oct 6, 2023 at 4:50pmWeb
Show threadDr. BobOct 6, 2023
You could argue that, but you’d be wrong. Watch Selling LA to see what a celebrity premium is worth lol.
Show threadjordanlundOct 6, 2023

Trump crosses that line from celebrity to President, but Presidents aren’t normal celebrities.

I agree, had he never become President, the resort owned by “that Apprentice guy” wouldn’t carry additional value.

Presidential properties are a different class.

Show threadHandsHurtLoLOct 6, 2023
By virtue of the fact that up until just a few months ago, you could even go there and casually peruse security sensitive and classified information if only you found the right bathroom, I guess you could say it was priceless.
Show threadcatfishOct 6, 2023
bwahahaha those dumb names haven’t heard in a while, I prefer Mar a Lardo personally, would that increase the property value? maybe the classified documents you can find in the shitter?