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babylonsister

(171,173 posts) Sun Oct 8, 2023, 11:34 AM Oct 2023

Rep. Moskowitz Just Called Trump's Bluff On Mar-a-Lago Valuation

https://crooksandliars.com/2023/10/rep-moskowitz-just-called-trump-s-bluff

Rep. Moskowitz Just Called Trump’s Bluff On Mar-a-Lago Valuation
If Donald Trump is so sure Mar-a-Lago is worth over a billion dollars, shouldn't his property tax bill be much higher?
By NewsHound Ellen — October 8, 2023

The valuation of Mar-a-Lago is central to the ongoing New York fraud case against Trump. He has been accused of “grossly inflating the value of his properties to obtain favorable bank loans while paying taxes on valuations at or below market value,” as The New York Times explained. New York Justice Arthur Engoron, who is overseeing the fraud case, valued Trump’s Mar-a-Lago club at $18 million. That is in line with the county appraiser’s valuation.

Yet Engoron’s ruling brought howls of social media protest from Trump and his co-defendant son, Eric Trump, each of whom whined that the property “may be” or is “speculated to be” worth well over a billion dollars.

Rep. Jared Moskowitz (D-FL) wrote to the Palm Beach County property appraiser about the matter. In addition to the complaints from the Trump defendants, Moskowitz also noted that between 2011 and 2021, Palm Beach County had valued Mar-a-Lago as between $18 million and $28 million. Yet, the property was listed as worth $490 million in financial documents provided to banks.

“If the property value of Mar-a-Lago is so much higher than it was appraised, will you be amending the property value in line with the Trump family’s belief that the property is worth well over a billion dollars?” Moskowitz asked. “I thank you for your time and consideration and look forward to a prompt response.”

Ooh, I look forward to the response, too.

This is yet another reason why Moskowitz is a C&L fave.

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Rep. Moskowitz Just Called Trump's Bluff On Mar-a-Lago Valuation (Original Post) babylonsister Oct 2023 OP

Rep. Moskowitz calls for Palm Beach County to tax Mar-a-Lago at the rate Trump claims it's worth LetMyPeopleVote Oct 2023 #1

LetMyPeopleVote

(146,687 posts)

1. Rep. Moskowitz calls for Palm Beach County to tax Mar-a-Lago at the rate Trump claims it's worth

Reply to babylonsister (Original post)

Sun Oct 8, 2023, 02:52 PM

Oct 2023

TFG has Mar-a-Lago appraised for around $25 million and so has been committing tax fraud

Link to tweet

https://www.nbcnews.com/politics/donald-trump/rep-jared-moskowitz-calls-palm-beach-county-tax-mar-lago-rate-trump-cl-rcna119042

A Democratic House member is asking Palm Beach County, Florida, to tax Donald Trump’s Mar-a-Lago property at the rate the former president claims it is worth amid his ongoing civil fraud trial in New York.

In a letter provided exclusively to NBC News, Rep. Jared Moskowitz, D-Fla., issued the request to Dorothy Jacks, Palm Beach County's property appraiser.

Moskowitz noted New York Judge Arthur Engoron’s ruling last week saying that Trump repeatedly committed acts of fraud for years. Engoron ruled that Trump lied to banks and insurers by overvaluing and undervaluing his assets while exaggerating his net worth to billions of dollars.

Trump has raged against Engoron’s ruling, insisting that his Florida resort is worth “50 to 100 times” what prosecutors in the New York civil case have said, or “closer to $1.5 billion.”

“Between 2011 and 2021, you value the Mar-a-Lago property between $18 million and $28 million,” Moskowitz wrote in the letter to the Palm Beach County appraiser.

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