Because a unconstitutional fine of $175 Million, is somehow not as nonsensical as the previous fine of $454 Million, for an imagined crime without victims.
So, if the properties, as determined by the state are worth far LESS than what the bank and real estate experts suggest; doesn't that mean the Pres. Trump is owed tens of millions in Real Estate taxes in refunds, dating back decades?
No, because the tax values are less than either the bogus values that Trump claimed (and there is zero doubt that they were bogus, the question has always been whether there was anything wrong with claiming these values when no one was harmed) or the lower values that New York State asserted. Whether Trump or the state eventually win, the values will end up way higher than the tax values.
Property value changes based on many factors. In my area, for example, there are very aged homes from the 40s that are not maintained very well going for $1.5M+, single story.
It is absurdly easy to add value or devalue a home or other property, so it ultimately doesn't matter what the valuation was as all parties were in agreement when it happened.
Additionally, with all of the "inflation", the properties should be worth double or triple what they were at that point anyway.
Or does inflation only exist when giant corpos and government benefit?
Because a unconstitutional fine of $175 Million, is somehow not as nonsensical as the previous fine of $454 Million, for an imagined crime without victims.
So, if the properties, as determined by the state are worth far LESS than what the bank and real estate experts suggest; doesn't that mean the Pres. Trump is owed tens of millions in Real Estate taxes in refunds, dating back decades?
No, because the tax values are less than either the bogus values that Trump claimed (and there is zero doubt that they were bogus, the question has always been whether there was anything wrong with claiming these values when no one was harmed) or the lower values that New York State asserted. Whether Trump or the state eventually win, the values will end up way higher than the tax values.
So no real estate refund.
Property value changes based on many factors. In my area, for example, there are very aged homes from the 40s that are not maintained very well going for $1.5M+, single story.
It is absurdly easy to add value or devalue a home or other property, so it ultimately doesn't matter what the valuation was as all parties were in agreement when it happened.
Additionally, with all of the "inflation", the properties should be worth double or triple what they were at that point anyway.
Or does inflation only exist when giant corpos and government benefit?
I would think so. But also every other property in NYC would also have been overvalued for many years. NYC, you have 2 weeks to pay up.
The 454 Million still stands.
He just doesn't have to put up that amount for the bond while he appeals
If he loses the appeal he still pays 454 million plus interest.