[vivenne]

Is Letitia saying Trump deprive the City/State of their tax cut? That would be undervaluing. I’m confused.

[Political Junkie Too]

She alleged that Trump cheated banks by inflating the value of his property when he got loans at favorable rates.

Trump says that nobody was harmed because the loans were paid back in full, real estate values are always changing, and negotiations always start high and meet in a middle that is agreeable to everyone.

-PJ

[Ultra Sonic 007]

It honestly sounds like she's betting on people to be ignorant of how the assessment of properties for taxation purposes works, because property tax assessments have nothing to do with what an individual states their estimated value is on loan applications.

In any given jurisdiction where property is assessed for tax, that is the job of the duly appointed Assessor's Office (with some name variation, but the duty is the same). Based on what THEY assess the value of the property to be (which could be their estimate of the market value, but not always; not all places assess property the same way), the corresponding authority that levies taxes (such as the Treasurer) will then charge the property owner with whatever tax is owed based on the assessed value (times whatever tax rate is applicable for their jurisdiction).

For any of this to be relevant, there would have to be some allegation that Trump actually interfered with the assessment process by the city/county that resulted in his properties getting undervalued for taxation purposes.

But that's not what's been alleged, as far as I'm aware.