Report: Trump Property Sales Soar Post-Presidency

Breitbart ^ | 06/30/2021 | Jacob Bliss

[ChicagoConservative27]

After former President Donald Trump left office in January, sales at his properties branded by his last name soared, according to reports.

The Realtor reports that so far this year, post-presidency Trump properties have soaring sales which could be due to the lower prices applied to multiple Trump high-rise towers. The properties listed on the Trump Organization website in the past year alone have jumped 72 percent. The prices have notably dropped 24 percent since the beginning of Trump’s 2016 campaign.

[ChicagoConservative27]

But but I thought everybody hated his 3AM mean tweets??

[Tell It Right]

Meanwhile ever since Hillary lost in 2016 hers and Bill’s “donations” have gone down. LOL

[Seruzawa]

So has virtually everyone else’s. My house just appraised at almost double of what it was 3 years ago. Waiting for the inevitable property tax increases.

[Candor7]

Crucify HIM.

Its an emolument!(sarc.)

Unlike Obama and Clinton, The Donald does not have to get a million bucks from the Russians or Ukranians by selling out our country and giving post official speaking tours.

The Donald owes nobody.

[billyboy15]

“So has virtually everyone else’s. My house just appraised at almost double of what it was 3 years ago. Waiting for the inevitable property tax increases.”

I don’t believe it is possible to increase property taxes because RE values have gone up.

Municipalities can only collect enough RE tax to fund the budget. So unless the budget in your town increases what will happen is your tax RATE will go down but you will pay the same amount of tax based on a higher property value.

[freedumb2003]

>>Meanwhile ever since Hillary lost in 2016 hers and Bill’s “donations” have gone down. LOL<<

Nothing to sell and the access prepurchasers still want their money back.

[Bshaw]

“The Donald owes nobody.”

Still, they will use this as a new cudgel when he returns to the presidency.

[Oystir]

The Trump Towers in West Palm Beach recently removed the Trump part of the name.

[CatOwner]

I don’t believe it is possible to increase property taxes because RE values have gone up.

Welcome to Texas! Of course, the increases are *only* limited to 10% per year. So, even if property values go flat for a while after spiking for several years, Texans will still see increases in their yearly property taxes until their county's "appraised" value catches up to the actual worth of the property.

Personally, we will see the maximum 10% increase for 2021 (of course, Texas won't tell us this until late in the year - stupid ass system). Our property's value is up roughly 45% over what we paid for it in mid-2019.

So, even if the selling prices flatten out for the next four years, we should expect to see 10% yearly increases in our property tax bills those four years.

[DoodleDawg]

The properties listed on the Trump Organization website in the past year alone have jumped 72 percent. The prices have notably dropped 24 percent since the beginning of Trump’s 2016 campaign

Looks like there is a lot of people selling and other people buying.

[CatOwner]

*tell us specifically until late in the year

[Born to Conserve]

We’re in for hard times. You want cash when things are bad. Buying opportunities abound.
Trump will make billions from Biden’s blunders.

[Candor7]

Still, they will use this as a new cudgel when he returns to the presidency.>>>>>>>>>>>>

yes, since they cannot manipulate the Donald, they will try every other cudgel they can imagine.It dod not work before, and it will not work this time either.

Cancelling Donald Trump will not work for one singular reason. He has 73 million people who will stay the course and go to the mat for him in the face of all cudgels.

[griswold3]

Where do you live? Here in Ohio they use a mill basis meaning your tax will be the millage multiple of your homes’ value.

[Libloather]

[BiglyCommentary]

That’s a very good point. Of course leftist enclaves will just increase their spending to match the new revenues.

[SuperLuminal]

"Municipalities can only collect enough RE tax to fund the budget. So unless the budget in your town increases what will happen is your tax RATE will go down but you will pay the same amount of tax based on a higher property value."

😏😀😁😂🤣🤣🤣😅🙄

[Dundee]

In Australia, state level property taxes are only just now beginning to appear in some states to replace stamp duties that currently apply to the sale of property.

Local governments (think city or county level government) is responsible for local roads, water, sewerage, parks, dog catchers, and land development approvals. To pay for it local councils will charge fees for services and a ‘rate’ (think land tax) based on the assessed unimproved value of your land subject to caps placed on it by the state governments.

A quick search for an example rate came up with one from the Blue Mountains City Council (the ‘mountainous’ region west of Sydney) where the rate for residential homes is 0.00526891 x unimproved land value.

[billyboy15]

Unless the laws are different in your State the millage rate will be reduced to offset the higher value of the RE.

[billyboy15]

I think you misunderstood me. Property are based on the budget of the town/city and they can only collect enough to fund budget. If a budget with increases is passed then your taxes go up enough to fund the increase even though the value of your home may decrease for some reason.