(02-22-2024, 06:59 PM)mikesez Wrote: The Palm Beach County Property Appraiser has it at about $30 million.  It does not have a homestead exemption.

This just goes to show, one of the main weaknesses of these proposed "wealth taxes" is that it is very hard to put a value on a unique property unless it is sold on the open market.  Palm Beach County says it's worth $30 million.  If you google "what is Mar-A-Lago worth," some people say over a billion dollars.   It's all a guess until the property goes up for sale and then you find out what it's really worth.  But one big problem for any potential buyer is that it is deed-restricted and can only be used as a private club.  So you would be buying a property with gross revenues of about $25 million a year, which would bring in net income of not much, maybe zero, which would mean that lovely property is really not worth as much as you might think, because the deed restriction would keep you from ever making any money on your investment.  

And in 2020, Trump said the Palm Beach Property Appraiser had the correct valuation.  

Trump says Mar-a-Lago is worth $1.8 billion. Not long ago, his own company thought that was over $1.7 billion too high. - CBS News

---