Democrat calls out Trump’s deception over Mar-a-Lago valuation by urging Florida officials to raise taxes | spcilvly


A House Democrat called on Palm Beach County, Florida, to tax Donald Trump’s Mar-a-Lago resort property at a rate in line with the valuation the former president claims it has amid his civil fraud trial. ongoing in New York. Rep. Jared Moskowitz, D-Fla., made the request to Palm Beach County Assessor Dorothy Jacks in a letter provided exclusively to NBC News, highlighting New York Supreme Court Justice Arthur Engoron’s decision last week holding Trump responsible for committing fraud for years by inflating and undervaluing his assets to banks and insurers.

Trump has since criticized the ruling, claiming his Florida beach club is worth “between 50 and 100 times” what New York prosecutors have said in the lawsuit, 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 assessor. “Mar-a-Lago was listed as having a value of $490 million in financial documents submitted to the banks,” he added. “If the value of the Mar-a-Lago property is much higher than what was appraised, will it change the value of the property in line with the Trump family’s belief that the property is worth more than $1 billion?” ?”

With Trump’s civil fraud trial drawing national attention, the letter, NBC News writes, is an effort by the first-term congressman to emphasize the disconnect between Trump’s claims about his property values ​​and the values ​​set by the appraisers, which the judge had cited in the ruling.


Leave a Reply

Your email address will not be published. Required fields are marked *