Trump seeks to condense taxes on golf bar he valued during $50 million

Donald Trump (Charlie Neibergall, AP)

In a bid to condense his property-tax bill, lawyers for developer Donald Trump explain a golf march he controls in Westchester County, N.Y., is value only $1.4 million.

Trump, however, pegged a value of a Trump National Golf Club – Westchester during “over” $50 million on personal financial-disclosure forms he submitted

Of course, assessing value for property-tax functions is distant opposite than last a full value of a business with revenues from concessions, bar memberships and other sources. Still, internal authorities have uttered their exasperation during a golf company’s bid

Officials in Ossining, N.Y., now taxation a 140-acre bar on a value of $13.5 million, reports David McKay Wilson of Gannett’s Journal News

Jeff Rodner, a golf company’s profession in a matter, expel a ask to cut a taxation check by 90% as an opening pierce in negotiations with Ossining officials. “This is merely to strengthen a rights,” he told USA TODAY. “Under a law, we can never get some-more than we ask for.”

Rodner pronounced a property’s genuine value will be dynamic by a still-to-be-completed comment report, and he expects a some-more modest, 10% rebate in a end.

Trump’s bid to reduce a taxes for a golf bar underscores a problem in unraveling a loyal value of his genuine estate, casino and brand-marketing empire. Trump has claimed he’s worth some-more than $10 billion, though that’s unfit to verify

In addition, many of Trump’s happening is in closely hold partnerships that he owns or controls, permitting Trump to place his possess value on those assets.

 

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