[hanamizu]

What about property taxes??

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Where I live the ‘official assessment’ for property tax is less than 1/10th the market value of my home and land now and in fact is maybe a quarter of what I paid for it originally. I’ve always assumed that this is S.O.P. in most jurisdictions.

The fact that the NY judge claimed that the assessed value of Mar-a-Lago was the actual market value of the land tells me the judge knows next to nothing about real estate.

[Political Junkie Too]

The fact that the NY judge claimed that the assessed value of Mar-a-Lago was the actual market value of the land tells me the judge knows next to nothing about real estate.

I've been posting this example to make the point:

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President Trump has said in the past that he has "brand value" that makes Trump properties more valuable just because it's a Trump property.

As a case in point, in 2015 John Lennon's 1962 J-160E Gibson acoustic guitar was sold at an auction in Beverly Hills, California for $2.41 million. The catalog price for that guitar in 1964 was $219.50 and the current value of one in excellent condition is $4,000.

If I had owned that guitar in 2015 and chose not to auction it and instead used it as collateral for a loan claiming a value of $2.5 million, would Letitia James sue me because the real value of the guitar is $4,000?

Does John Lennon's "brand" add $2 million to the value of the guitar?

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-PJ

[justme4now]

Isn’t practicing real estate without a license a crime, maybe a misdemeanor at least?

And to appraise property of Florida from the bench in NY should be!🤨