Any one of you wanna explain this witch hunt you fell for again? My goodness Democrats will believe and lie about anything. How Democrats can call anyone else a cult is astonishing. I'm using CNN here to prove you all fell for another Hoax. You guys are wrong about everything you've ever thought. It's insane lol. They put out articles like above knowing you will believe anything like pee tapes and russia hoax and that cloth mask actually stop covid... Oh and males are women and that fire alarms are door exits.
But the Mar-a-Lago finding in particular is raising eyebrows among real estate and legal experts because of the metric Judge Engoron relied on: the county tax assessor’s appraisal value.
“From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million,” Engoron wrote in
his ruling.
The judge noted Trump valued Mar-a-Lago at between $426.5 million and $612 million, “an overvaluation of at least 2,300%, compared to the assessor’s appraisal.”
But it’s widely known that the tax assessor valuation is typically, though not always, less than what a property would command on the open market.
In other words, it’s not an apples-to-apples comparison.
“Appraisal values and market values are just not the same thing. It’s a well-known fact,” said Eli Beracha, chair of the school of real estate at Florida International University. “That’s especially true for properties that are unique. And it’s very easy to argue this is a unique property.”
Dina Goldentayer, executive director of sales at Douglas Elliman in South Florida, said in her experience in the ultra-luxury marketplace the tax assessor’s valuation isn’t considered when trying to value a property.
“He wouldn’t make a very good realtor,” Goldentayer said of the judge. “It’s so widely known that it’s not an accurate determination of market value.”
Goldentayer added, “If there is a ranking as to what would have the lowest valuation, it’s the tax assessor’s office, followed by Zillow and then the realtor’s valuation is the highest.”
It’s not correct to assume that a tax assessment and market value are the same thing, according to Jonathan Miller, president and CEO of Miller Samuel Inc., a real estate appraisal company in New York City.
“They can be, in some markets they are the same thing, but in most others they are not,” Miller said.
Melissa Cintron, partner in the insurance defense and corporate and real estate practice groups at Harrington Ocko & Monk, said it’s “not contestable” that Mar-a-Lago is worth more than $28 million based on improvements and a market analysis.
politizoom.com
