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?
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?