The restrictions on how the property is used, affects the market value.
Here's some back ground.
Mar-a-Lago is deed restricted as a private club. The deed itself is restricted, it can't be used for any other purpose, as such our office values it as we value the other private clubs in Palm Beach County,"
But it's worth is whatever is dictated by the market. And there's no way the number they came up with is realistic for that property in that town.
How can a judge find the worth of any property to be fraudulent?
I'm assuming they are trying to accuse Trump of writing off the property at an inflated price?
The restrictions on how the property is used, affects the market value.
Here's some back ground.
https://www.cbsnews.com/news/trump-mar-a-lago-1-8-billion-own-company-said-it-was-too-high/
Here's an appraisal Donald Trump had done 1995
https://www.documentcloud.org/documents/4332803-Clarion-1995-MAL-APPRAISAL.html#document/p17/a394146
It was valued then at 28 million.
In other words, he can stay there as a vacation spot, but can't make it his permanent address?