Trump Values Property At 739 Million James Cites Deed Restrictions

Mar-a-Lago Valuation Dispute: Trump vs. Assessor

Trump Values Property at $739 Million; James Cites Deed Restrictions

In recent statements, former President Donald Trump has valued Mar-a-Lago, his Palm Beach, Florida, estate, at $739 million. However, a report by New York Attorney General Letitia James alleges that this figure ignores deed restrictions that limit the property's value.

Assessor's Appraisal and Tax Roll Value

According to James' report, the Palm Beach County assessor has appraised Mar-a-Lago's market value at between $18 million and $276 million. The latest tax rolls, from 2022, assign the property a total market value of $276 million.

Defense Expert's Valuation

In contrast to these assessments, a defense expert has estimated that Mar-a-Lago is worth approximately $12 billion. During an April deposition, Trump defended his valuation of $1 billion by comparing the property to the price of the Mona Lisa or a painting by Picasso.

Deed Restrictions on Mar-a-Lago

James' report emphasizes the存在of deed restrictions that limit Mar-a-Lago's value. These restrictions include:

• A requirement that the property be used primarily as a private residence.
• A limit on the number of membership shares that can be sold.
• A prohibition on subdividing the property into smaller parcels.

James argues that these restrictions significantly reduce the market value of Mar-a-Lago, as potential buyers would be limited in how they could use the property.

Implications for Ongoing Litigation

The dispute over Mar-a-Lago's valuation is part of a larger lawsuit filed by James against Trump and the Trump Organization. The lawsuit alleges that Trump inflated the property's value to obtain favorable loans and tax breaks. The outcome of the case could have implications for Trump's financial dealings and reputation.