When Trump purchased the property in 1985, it was a 126 room residence.
Current listing for just 2.3 acres of land in Palm Beach goes for $200,000,000. Converting the home to a business and designating it as a golf course is what dropped the tax valuation.
The Palm Beach Country Club (just down the road) is appraised for tax purposes at $17 million.
Should Trump sell and void the restrictions on the land, he will easily make $1B. Right now, Mara Lago is earning beaucoup bucks in memberships, events, rentals, etc. Unless the creepy DA has access to internal financial reports, they cannot state that Mara Lago is only worth “X.”
There is a business attached to that land. The value of the business is missing from the equation.
This judge is a clown!
I got a valuation for a property from a licensed appraiser for 800k in November 2021 in settlement of a legal dispute. The tax assessor in the town gave it a valuation of 1.499 million in January of 2023. Unfortunately this seems to mean I will be joining Tump in jail - but the tax assessor will be free to go.