So the judge lied about the real value of Mar-a-Lago
- Thread starter volsrock
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floridafan
Verified User
Where else would one get the value of a property if not from an appraiser?
ok
sell your house at the county tax assessor’s appraisal value...and u would be a fucking idiot...this Judge LOW BALLED the value!!!!!! ....Trump high balled the value
Real estate insiders question how Trump fraud judge valued Mar-a-Lago
Judge Engoron relied on: the county tax assessor’s appraisal value.
“Appraisal values and market values are just not the same thing. It’s a well-known fact,” said Eli Beracha, chair of the school of real estate at Florida International University. “That’s especially true for properties that are unique. And it’s very easy to argue this is a unique property.”
Dina Goldentayer, executive director of sales at Douglas Elliman in South Florida, said in her experience in the ultra-luxury marketplace the tax assessor’s valuation isn’t considered when trying to value a property.
“It’s so widely known that it’s not an accurate determination of market value.”
“If there is a ranking as to what would have the lowest valuation, it’s the tax assessor’s office, followed by Zillow and then the realtor’s valuation is the highest.”
It’s not correct to assume that a tax assessment and market value are the same thing, according to Jonathan Miller, president and CEO of Miller Samuel Inc., a real estate appraisal company in New York City.
https://www.cnn.com/2023/10/03/business/trump-fraud-judge-mar-a-lago/index.html
This Judge created a false valuation
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Bigdog
Harris - make America a 3rd world shithole
And then the JUDGE told this whopper ...
"New York Supreme Court Judge Arthur Engoron’s Sept. 26 ruling stated that from 2011 to 2021, the Palm Beach County property appraiser determined Mar-a-Lago’s value was "between $18 million and $27.6 million." But Trump’s statements of financial condition presented to investors stated that it was worth between $426 million and $612 million, "an overvaluation of at least 2,300%" Engoron wrote. "
https://www.politifact.com/factchec...rk-officials-didnt-value-mar-a-lago-at-18-mi/
Trumpet
Verified User
floridafan
Verified User
The judge NEVER created any valuation!
Trumpet
Verified User
You make it a habit of telling whoppers, because of your idiocy.
Bigdog
Harris - make America a 3rd world shithole
floridafan
Verified User
So you're calling the judge an idiot for appraising it at 18 million.
The judge did not appraise anything, my dear!
Bigdog
Harris - make America a 3rd world shithole
Of course he did. He had a couple of appraisals to choose from
He chose to appraise it at 18 million.
Nether did Trump!
floridafan
Verified User
You are lying, as expected.
Its not avoiding shit!!!!! If the county says u pay tax on 18m thats what u pay!
Do u pay more tax on your house than what the county says u need to pay
floridafan
Verified User
Is MAL a residential property or a commercial property?
Depends on how it is zoned
floridafan
Verified User
The trumps based their valuation on it being a residential property, yet it is zoned as commercial.
In 1993, Trump entered into an agreement with Palm Beach in order to obtain a special use exception for Mar-a-Lago. The property was zoned "large residential," and a private social club is a special exception use within the zoning. The agreement laid out the terms and conditions upon which the town granted the special exception to the zoning. The full document can be found at the link below. Pay special attention to Article II.
https://www.politico.com/f/?id=0000015a-99cf-dcd4-a5ff-bdefa9050001