Mar-a-Lago Should Be Taxed by Biden at Value Trump Gave It

[Tax The Hell Out Of tRUMP]

House Democrat Asks if Mar-a-Lago Can Be Taxed at Value Trump Gave It
The former president’s valuation of his residence and private club is part
of New York’s civil fraud case against him.


Jonathan Weisman
By Jonathan Weisman

Oct. 5, 2023Updated 6:08 p.m. ET

Attempting to call former President Donald J. Trump’s bluff, a congressman
from Florida on Thursday asked Palm Beach County to tax Mar-a-Lago, Mr.
Trump’s seaside residence and private club, at the value he claimed it was
worth, more than $1 billion. The gambit, by Representative Jared
Moskowitz, Democrat of Florida, goes to the core of New York’s civil case
against Mr. Trump. The state has accused the former president of grossly
inflating the value of his properties to obtain favorable bank loans while
paying taxes on valuations at or below market value. Judge Arthur Engoron
valued Mar-a-Lago at $18 million, the low end of the $18 million to $28
million appraisal used by Palm Beach County for property taxes. Eric
Trump, Mr. Trump’s son, speculated on X, the social media platform
formerly known as Twitter, that the home and resort could be worth $1
billion. He called it “arguably the most valuable residential property in
the country,” and said the judge’s figure was “an attempt to destroy my
father and kick him out of New York.” In a letter to the Palm Beach County
Property Appraiser, Mr. Moskowitz asked, “If the property value of
Mar-a-Lago is so much higher than it was appraised, will you be amending
the property value in line with the Trump family’s belief that the
property is worth well over a billion dollars?”



https://www.nytimes.com/2023/10/05/us/politics/trump-mar-a-lago-appraisal.h
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