Posted on 10/07/2023 3:48:50 PM PDT by SeekAndFind
Leftist Judge Arthur Engoron’s behavior and actions in Trump’s civil fraud trial have been questionable at best. His bizarre valuation of Mar-a-Lago at $17 million when real estate experts put it at closer to $300 million has been just one of many factors leading many to believe that the outcome of this trial has been predetermined by anti-Trump partisans.
Last month, Engoron even ordered the dissolution of Trump’s businesses, a move that prompted a swift response from Trump’s legal team. Trump’s attorney Christopher Kise argued that the dissolution of Trump’s businesses would have been a disaster for not only the businesses but for the company’s employees. On Friday, a New York appeals court judge, Associate Justice Peter Moulton, reversed Engoron’s order, though he did allow for the bogus civil fraud trial to continue.
Engoron had ordered Trump to propose potential receivers by October 26, which would begin the process of dissolution.
During the hearing, Moulton speculated that such a broad interpretation of Engoron’s ruling could mean LLCs holding the private homes of Trump and the other defendants could be at risk of being sold.
“[Engoron] clearly does not comprehend the scope of the chaos its decision has wrought,” Trump’s lawyers said in a court filing earlier in the day.
“We’re not seeking delay. We’re not seeking anything but a fair trial and these errors permeate the ongoing trial,” Kise said in court, referring to “an avalanche of errors” in the summary judgment ruling.
Trump’s legal team believes the appellate court could eventually reverse at least part of Engoron’s bombshell order and gut New York Attorney General Letitia James’ case by dismissing a majority of the lawsuit’s claims that they believe are time barred by an earlier appellate ruling handed down in June.
(Excerpt) Read more at pjmedia.com ...
She is an Insurrectionist!
She/He- who really knows!
Trump needs a list of every New York property whose tax roll valuation is less than the market valuation. Leticia James and Engoron could dismantle New York with their interpretation.
17 mil is absurd...
Trump’s only crime is that he’s got a bunch of pissed off Feral “judges” who what to lynch him. A little of “Judge Parker the hanging judge’s” Arkancide.
Valuation and worth are totally separate things.
Residential lots are taxed at the highest valuation.
Agricultural is a fraction of that. Club use even less. Common area in an HOA next to nothing.
A developer deeded an undeveloped lot to an HOA client of mine. For years, the Association paid several thousand in property taxes. I pointed out that the lot was designated as “Residential” by the county tax accessor instead of “CE”. After a quick tax hearing, the classification was changed to “CE” (common element) and the appraised value dropped from over $300,000 for that lot to $1.
Only the land use designation on the tax rolls changed. That’s it. Nothing else.
If the Association changed it back, the valuation would go back up to over $300,000. They would take the property tax hit but could then sell it for that or more on the open market.
The valuation may be $1 based on land use, but the worth is $300,000.
One acre lots in Palm Beach go for $100,000,000. Mara Lago has 17 acres plus improvements. It’s easily worth over $1 billion but because of its current land use designation, it is only valued at $28 million for tax purposes (completely legal, I might add. The Palm Beach Golf Club down the street from Mara Lago is only valued at $18M). Why? Because in its current iteration, Trump will not parcel it out and develop it as residential lots. A rezoning hearing to convert it back to residential and viola! Instantly valued back at nearly $2B for tax purposes.
This judge is a clown and the lying MSM are idiots. They are all intentionally conflating value and worth in a sick attempt to “get Trump.”
People in real estate know they are full of crap.
Wait a minute. The homes could be sold, or the LLCs could be sold?
Oops, wrong thread.
There are many places near Trumps that are selling above $20 million for less then an acre. He has 20 acres.
The New York State Bar Association has a bunch of disbarment proceedings to file.
“Educated beyond his intelligence”. Just a very large neuron virtue signalling by attacking Trump. Pathetic!
Thank you for the well written description of how the process works, in most locales.
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