TFG fights valuation on Park Avenue retail space, saying the property is being overvalued

[Yo_Mama_Been_Loggin]

Former President Donald Trump's real estate company is fighting the property tax assessment on its Trump Park Avenue retail space, saying in part that its valuation is too high compared with similar properties.

Trump's property at 502 Park Avenue has been assigned "excessive, unequal, erroneous, unlawful and illegal assessments," the company said in a six-page petition filed on Thursday in New York State Supreme Court.

-snip-

The assessed value of the building's commercial space increased about 1%, climbing $112,347, for the 2021-2022 tax year, according to New York tax records.

Its total market value was assessed for the year at $12,238,099, up from $12,125,752 the prior tax year, according to records.

But its market value had been higher in the 2019-2020 tax year, at $12,285,788, according to records. It had increased in both of the tax years prior to that.

https://www.msn.com/en-us/money/realestate/donald-trump-fights-valuation-on-park-avenue-retail-space-saying-the-property-is-being-overvalued-when-compared-with-similar-buildings/ar-AAPiWKQ

[empedocles]

1. Seem like someone has to be paying trump's legal bills. Constantly suing.

[RockRaven]

2. The *value* changed by 112K, but what would the difference in tax be?

And how much is he spending on lawyers to try to fight it?

[Me.]

3. First...He Spends Nothing On Lawyers

as he never pays them

2. Just like he doesn't pay taxes and this is what he does... he tries to lower the value for taxes and then boosts it when he wants a bank loan.

[Champp]

4. Fuggin Republicans. Pay your damn taxes

the working people of America paid for this ass-clown Republican casino hustler to go DELUXE golfing over and over and over, millions and millions of our hard-earned tax dollars. And the Republicans giddily drop to their knees in to Fullsub-Fellation-Posture 45Q, and then toss barrels of our earned money into the fatcat financial cesspools so a freaking self-proclaimed "billionaire" can amuse himself while we work to pay for it.

Pay your damn taxes, Republicans. You squander America's money on yourselves like drunken Roman slobs. You don't deserve it. Obey the law.

[intrepidity]

5. ... unless he's applying for credit

in which case, it's severely under appraised.

[alphafemale]

6. I was just thinking nearly the same thing.

If he were wanting to sell it he would claim it was undervalued.

[Disaffected]

7. Both "unlawful and illegal".

My word, whatever next.

Sounds like something Drump would have added himself.