Value of Mar a Lago

Tax assessors value: $18 mil.
Liza Pulitzer, Brown, Harris, Stevens Real Estate: No comparable properties: rock bottom, $300 mil
Rob Thomson, Waterfront Properties: $600 mil
Tampa Bay Times: Tampa Bay Times: hundreds of millions
Forbes: $325 mil

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LeopoldBloom · M

Ultimately, it's worth what someone is willing to pay for it. The tax assessor's value is based on other factors and in most cases is lower than market value. If Trump sells Mar-a-Lago for $600 million, the next owner won't be paying taxes on that much as its assessed value will still be lower.

MarthannBann888 · 70-79, F

@LeopoldBloom I know.

MarthannBann888 · 70-79, F

I am watching a TV show on Mar a Lago. The place is a resort of 24 acres. Four gold plated sinks, $20,000. The Trump family has a section for the family. That part has FIFTY EIGHT bedrooms. The resorts earns from $20,000,000 to $25,000,000 per year.

Threepio

Tax assessors value: $18 mil

Must know the assessor.... Will pay much less in yearly property taxes.

MarthannBann888 · 70-79, F

@Threepio

Are you sure, because a tax assessor pays nothing. He assesses the property and the county taxes the individual accordingly.

Threepio

@MarthannBann888 Yes I'm sure. The owner will pay less in property taxes if the property is assessed at a lower value. That is the way property taxes work.....

MarthannBann888 · 70-79, F

@Threepio
Your post was unclear. Either way the assessed value is never what the banks use to determine loans. That judge knew that too.

MasterLee · 56-60, M

What is the value of Biden's house in delaware? Hunter was paying quite a lot in rent.

MarthannBann888 · 70-79, F

@MasterLee
Excellent question!

whowasthatmaskedman · 70-79, M

Now the important question...Loans taken using Mar a Lago as security.😷

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whowasthatmaskedman · 70-79, M

@MarthannBann888 Yes. Unless the property is already secured and there is no equity left

MarthannBann888 · 70-79, F

@whowasthatmaskedman If there is no equity left, it can’t be used. Certainly the assessors value is not used.

whowasthatmaskedman · 70-79, M

@MarthannBann888 And I think thats what we will discover😷

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