NY Judge Claimed MAL is Worth ~$18 Million - Everything the Judge Said in His Ruling Is a Complete Lie

[excalibur]

Private valuations have put a value od $350 - $500 million on MAL.

Yet on Tuesday, an obviously incredibly biased NY judge claimed MAL was only worth ~$18 million.

Not only is this judge a fool, but he is evil and should be disbarred.

 

[Smokin' OP]

Private valuations have put a value od $350 - $500 million on MAL.

Yet on Tuesday, an obviously incredibly biased NY judge claimed MAL was only worth ~$18 million.

Not only is this judge a fool, but he is evil and should be disbarred.

Trump's private "valuations"?

Trump's Palm Beach properties tax bill​

The Real Deal
https://therealdeal.com › miami › 2019/08/20 › trump...
Aug 20, 2019 — In terms of market value, Mar-a-Lago was valued at $26.6 million, according to the Palm Beach Post. In all, 10 Trump properties were valued at ...

Mar-a-Lago overvalued by $664M, lawsuit against Trump ...​

WPTV
https://www.wptv.com › news › political › mar-a-lago...
Sep 21, 2022 — The lawsuit said Mar-a-Lago was valued as high as $739 million, which was "based on the false premise that it was unrestricted property and ...

 

[Polishprince]

Trump's private "valuations"?

Trump's Palm Beach properties tax bill​

View attachment 834774
The Real Deal
https://therealdeal.com › miami › 2019/08/20 › trump...
Aug 20, 2019 — In terms of market value, Mar-a-Lago was valued at $26.6 million, according to the Palm Beach Post. In all, 10 Trump properties were valued at ...

Mar-a-Lago overvalued by $664M, lawsuit against Trump ...​

View attachment 834773
WPTV
https://www.wptv.com › news › political › mar-a-lago...
Sep 21, 2022 — The lawsuit said Mar-a-Lago was valued as high as $739 million, which was "based on the false premise that it was unrestricted property and ...

Apparently you don't understand the difference between property "Assessments" vs. property "appraisals".

Assessment only are about property tax bills, are are only useful in determining the value of a property in relation to the other properties in jurisdiction.

If the property assessment of MAL is comparable to other properties of similar value in Palm Beach, that's the standard.

Assessment by government officials is only about taxes, and making things fair. Or at least trying to.

 

[Smokin' OP]

Apparently you don't understand the difference between property "Assessments" vs. property "appraisals".

Apparently you don't.

Assessment only are about property tax bills, are are only useful in determining the value of a property in relation to the other properties in jurisdiction.

As I stated, you don't.
It doesn't take into account building content, just property and building improvements.
On Palm Beach Island, they have mansions on the Atlantic Ocean.
Mansions on the intracoastal.
Mansions that aren't waterfront.
Houses that aren't waterfront.
Mar a Largo's property is from the atlantic coastline to the intracoastal.
ALL within Palm Beach Island.

Vastly different valuations.

If the property assessment of MAL is comparable to other properties of similar value in Palm Beach, that's the standard.

The Priciest in Palm Beach: Oceanfront Home Fetches ...​

Mansion Global
https://www.mansionglobal.com › articles › the-priciest-i...
Apr 26, 2023 — An oceanfront property in Palm Beach, Fla., has sold for around $170 million in an off-market deal, setting a record for the tony Florida town, ...

Assessment by government officials is only about taxes, and making things fair. Or at least trying to.

 

[Marener]

Private valuations have put a value od $350 - $500 million on MAL.

Trump valued it at $1.5 billion.

The judge never made a determination of what it was worth, other than to say it sure has hell wasn’t worth $1.5 billion.

 

[Marener]

Apparently you don't.

As I stated, you don't.
It doesn't take into account building content, just property and building improvements.
On Palm Beach Island, they have mansions on the Atlantic Ocean.
Mansions on the intracoastal.
Mansions that aren't waterfront.
Houses that aren't waterfront.
Mar a Largo's property is from the atlantic coastline to the intracoastal.
ALL within Palm Beach Island.

Vastly different valuations.

The Priciest in Palm Beach: Oceanfront Home Fetches ...​

View attachment 834792
Mansion Global
https://www.mansionglobal.com › articles › the-priciest-i...
Apr 26, 2023 — An oceanfront property in Palm Beach, Fla., has sold for around $170 million in an off-market deal, setting a record for the tony Florida town, ...

Mar a Lago isn’t a mansion. It’s a social club. Trump signed off his rights to ever use the property as anything other than a social club. He can’t break it up to develop it. He can’t sell it to a billionaire to live in.

It’s only a club. Forever.

Comparing it to developable land is a mistake.

More to the point, the “expert” Trump brought to court to back up his valuation basically had no answers for how he got his estimate other than it’s just his opinion.

 

[Smokin' OP]

Mar a Lago isn’t a mansion.

Well, it was a "mansion" for almost 70 years.

It’s a social club. Trump signed off his rights to ever use the property as anything other than a social club.

Not sure about that.

He can’t break it up to develop it.

True.

He can’t sell it to a billionaire to live in.

Don't see why not.
Trump turned it into a club, a savvy billionaire could restore it, right back into their "mansion".

It’s only a club. Forever.

Comparing it to developable land is a mistake.

As far as tract homes yes.
But developable land as far as expansion goes, Palm Beach Island is full of homes, that were torn down and McMansions built.
When the Kennedy's were there, the only mansions were on the Atlantic Ocean.

More to the point, the “expert” Trump brought to court to back up his valuation basically had no answers for how he got his estimate other than it’s just his opinion.

Sure........Trump's "expert", like Trump............NO answers.

 

[Marener]

Well, it was a "mansion" for almost 70 years.

Not sure about that.

True.

Don't see why not.
Trump turned it into a club, a savvy billionaire could restore it, right back into their "mansion".

As far as tract homes yes.
But developable land as far as expansion goes, Palm Beach Island is full of homes, that were torn down and McMansions built.
When the Kennedy's were there, the only mansions were on the Atlantic Ocean.

Sure........Trump's "expert", like Trump............NO answers.

From the decision:

He signed off these rights to get a break on his tax bill.

 

[wamose]

Property appraisals are like political polls. Whoever pays for them, gets to decide how they turn out. Letitia must be fairly clueless.

 

[Winston]

From the decision:
View attachment 834816

He signed off these rights to get a break on his tax bill.

And there in is the fraud. Does that deed significantly reduce the value of the property? Sure it does, but does Trump incorporate that lower value when he is seeking to borrow money? No. You can't tell the tax man that your property is worth 20 million dollar and then stroll into a bank and tell them it is worth half a billion.

 

[Marener]

Property appraisals are like political polls. Whoever pays for them, gets to decide how they turn out. Letitia must be fairly clueless.

That's not at all true. If it were, appraisals would be meaningless. They're not.

You guys must be fairly clueless.

 

[Smokin' OP]

From the decision:
View attachment 834816

He signed off these rights to get a break on his tax bill.

True..................Trump's "rights" or non-rights.
Those stipulations are only for Trump.

Doesn't mean Trump couldn't sell it, and a billionaire restores it.

 

[WorldWatcher]

The OP is incorrect.

#1 The judge didn't make the claim the Palm Beach Assessor did.

#2 As noted the figure from the County Assessor was in the 18-27.6 million range. That is over a 10 year period the tax assessment was between 18 million (assumed to be the 2011 range) and 27.6 million (assumed to be the 2021 range).

WW

 

[The5thHorseman]

Apparently you don't understand the difference between property "Assessments" vs. property "appraisals".

Assessment only are about property tax bills, are are only useful in determining the value of a property in relation to the other properties in jurisdiction.

If the property assessment of MAL is comparable to other properties of similar value in Palm Beach, that's the standard.

Assessment by government officials is only about taxes, and making things fair. Or at least trying to.

Jurisdictions aren't clueless...."current" assessments are frequently directly related to market value.

MAL is restricted, which significantly reduces its value. Grifty did it to save on taxes...now he's stuck with it.

 

[The5thHorseman]

View attachment 834818


The OP is incorrect.

#1 The judge didn't make the claim the Palm Beach Assessor did.

#2 As noted the figure from the County Assessor was in the 18-27.6 million range. That is over a 10 year period the tax assessment was between 18 million (assumed to be the 2011 range) and 27.6 million (assumed to be the 2021 range).

WW

The OP is a fucking rube who CONSISTENTLY posts worthless crap from shit sources.

 

[Care4all]

View attachment 834818


The OP is incorrect.

#1 The judge didn't make the claim the Palm Beach Assessor did.

#2 As noted the figure from the County Assessor was in the 18-27.6 million range. That is over a 10 year period the tax assessment was between 18 million (assumed to be the 2011 range) and 27.6 million (assumed to be the 2021 range).

WW

B I N G O. BINGO!


THREAD END!

 

[Godboy]

And there in is the fraud. Does that deed significantly reduce the value of the property? Sure it does, but does Trump incorporate that lower value when he is seeking to borrow money? No. You can't tell the tax man that your property is worth 20 million dollar and then stroll into a bank and tell them it is worth half a billion.

How can it only be worth 20 million when the membership fee is $200,000 and an annual fee of $20,000? That kind of annual income will make any appraisal skyrocket.

 

[Marener]

How can it only be worth 20 million when the membership fee is $200,000 and an annual fee of $20,000? That kind of annual income is worth a ton of money.

Because the property is not the same as the business.

 

[WorldWatcher]

How can it only be worth 20 million when the membership fee is $200,000 and an annual fee of $20,000? That kind of annual income will make any appraisal skyrocket.

Valuation of property and valuation of the business are two different things.

WW

 

[WorldWatcher]

Because the property is not the same as the business.

JINX

WW