"Controversy Surrounds Mar-a-Lago's Valuation and Potential Buyers"

1 min read
Source: Newsweek
"Controversy Surrounds Mar-a-Lago's Valuation and Potential Buyers"
Photo: Newsweek
TL;DR Summary

Donald Trump's claim that his Florida resort, Mar-a-Lago, is worth much more than estimated has led to a demand for reappraisal, potentially resulting in higher taxes for the former president. A property appraiser estimated the value of Mar-a-Lago to be between $18 million and $27.6 million, significantly lower than Trump's claims of hundreds of millions. A judge overseeing Trump's civil fraud trial found evidence that he had inflated the value of his assets by as much as $2.2 billion. A new valuation in line with Trump's claims could lead to higher taxes. Some experts suggest the property's value might be higher if it were put on the market.

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