Rep. Jared Moskowitz (D-FL) is asking Palm Beach County 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, NBC News reports.
Wrote Moskowitz: “Between 2011 and 2021, you value the Mar-a-Lago property between $18 million and $28 million. Mar-a-Lago was listed as worth $490 million in financial documents given 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?”
The Florida statute of limitation on collecting back taxes is 3 years.
Rep Moskowitz’s idea is so fantastic, that I’d propose they look back 3 years and collect back taxes also.
It could backfire. They could submit that the local government agrees with the evaluation so they can say it’s a legitimate filing.
I guess the smart move, then, is to wait until the court case is over. If the court rules their was no fraud (which means the property valuation was accurate), then Florida should be ruthless about collecting back taxes. If the court rules that there was fraud, then Trump is subjected to whatever penalties the court hands out, but won’t have to pay any additional back taxes.
Either way, Trump owes a debt - either to the court for fraud, or to the State of Florida for unpaid taxes.
Or both, because we all know he lowballed the value to the state to pay less tax in the first place.
…and simultaneously highballed the value so he’d get better loan conditions.
And neither number is likely anywhere close to what the actual value is.
Fraud has already been determined. All the court is doing now is deciding damages
Except in that case, then they’re paying back taxes for 3 years on a billion dollars… might be more than the fines from the lawsuit.
I think it’s more of an IF. IF he wins on this fraud charge, yeah the county should raise its evaluation and tax him. If no, then obviously not
Sounds like the taxpayer might be made whole to me