Jon Stewart found to have overvalued his NYC home by 829%
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Stewart asked: “How is he not this mad about overvaluations in the real world?”
“Because they are not victimless crimes,” he said.
To further his point, Stewart argued that “money isn’t infinite. A loan that goes to the liar doesn’t go to someone who’s giving a more honest evaluation. So the system becomes incentivized for corruption.”
Stewart also contended that failing to declare a higher market value on a property, while paying taxes based on a lower assessed value, constitutes fraudulent behavior.
But it didn’t take long for internet sleuths to look into Stewart’s own property history, which shows an overvaluation of his New York City penthouse by a staggering 829%, records confirmed by The Post reveal.
In 2014, Stewart sold his 6,280-square-foot Tribeca duplex to financier Parag Pande for $17.5 million. The property’s asking price at that time is not available in listing records.
But according to 2013-2014 assessor records obtained by The Post, the property had the estimated market-value at only $1.882 million. The actual assessor valuation was even lower, at $847,174.
Records also show that Stewart paid significantly lower property taxes, which were calculated based on that assessor valuation price — precisely what he called Trump out for doing in his Monday monologue.
Pande, who purchased the penthouse from Stewart, then resold the property at a nearly 26% loss, according to the Real Deal — at just over $13 million — in 2021.
Meanwhile, the New York assessor valuation on Stewart’s former penthouse is the exact same citation method and metric that New York Attorney General Letitia James used to value Trump’s private and personal properties, and then sued him for inflating those assets.
ImStillMags Mags
ImStillMags Mags
the frightwinger financial literacy rate is abysmal
assessed 2013 market value of building: $847,174
assessed 2013 market value of land building sits on: $141,538
2013 total assed value of land and building: $1,882,000
2014 sale price of property: $17.5 million.
John Stewart sold the property at a very nice profit, making him a very savvy businessman.
Trump inflated the value of his property by tens of millions in order to secure a loan, making him a common criminal and the exact opposite of a savvy businessman.
