Post #6736 by commonone on the US Policy board

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albaby1: I will say that it kind of boggles the mind that Mar-a-Lago might only be valued at $20 million, when homes right next door that are 1/20th the size and not on the water are selling for more than that.

Funny, in 2020, Trump agreed that the property was fairly valued at $27 million.

Trump might think Mar-a-Lago is worth $1.8 billion, but in 2020, his own company said the Palm Beach appraiser was right. That year, the county valued Mar-a-Lago at $27 million.

"The Petitioner agrees with the determination of the property appraiser or tax collector," a real estate broker representing Mar-a-Lago acknowledged on a form filed with the local Value Adjustment Board, and obtained by CBS News.

Also, Mar-a-Lago is not a residence and is deed restricted as a private club, so comparing it to houses without restrictive deeds is specious. The property can never be developed beyond what it is (this restriction does not vanish with change of ownership), absent renegotiation with neighborhood authority, municipal authority, state authority, and federal authority. (All were parties to the deed agreement.)

https://www.cbsnews.com/news/trump-mar-a-lago-1-8-...

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