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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA Trump Golf Course's Tax Scheme Is Costing a Local School District
Former President Trumps habit of manipulating the value of his properties in an effort to skirt taxes is causing problems for a public school district and local property owners.
The Daily Beast reported on Monday that Trumps golf club in Westchester, New York, recently negotiated with the local government to reduce its value by one third from around $15 million to $9.5 million in order to slash its property taxes.
Trump has listed the value of Trump National Golf Club Westchester elsewhere like on White House financial disclosure forms as worth north of $50 million.
Because the property is now valued at a lower amount, the club is seeking a refund of approximately $850,000 from local governments on taxes it now says it overpaid. The vast majority of that amount, $588,155.12, will be paid by Briarcliff Manor Union Free School District, a small suburban district that includes a combined elementary, middle, and high school. In order to pay that money back to Trump, a local official told The Daily Beast that the government will need to raise taxes for people who own property in the area. This is freaking annoying that a scoundrel wont pay taxes, the official told the outlet. My taxes are higher because his taxes are lower.
https://www.yahoo.com/entertainment/trump-golf-course-forcing-local-162845541.html
underpants
(182,630 posts)The village of Briarcliff has approximately 2,400 parcels of property on record, and property taxes will likely rise by an average $245 next year as a result of the clubs actions. This means local residents will effectively be subsidizing Trumps golf course. The club was emboldened to pull this scheme because the same local government recently lost a court case against Sleepy Hollow Country Club in which a judge ruled that there is no mandate to value golf courses or country clubs using any particular techniques. The club is now exploiting that decision for his own profit.
keithbvadu2
(36,669 posts)XanaDUer2
(10,557 posts)Try m fing pos
This is INSANE
Farmer-Rick
(10,140 posts)In October, Rolling Stone uncovered another fiscal controversy at Trumps Westchester golf course. After a storm flooded the course in 2011, it sought an almost $1.3 million insurance claim while only spending around $130,000 to $150,000 on repairs, according to insiders. The company actually tried to get more than the $1.3 million claim but the insurance company refused because the golf course failed to produce necessary receipts, a source said.
Funny how it was worth a whole lot more when it comes to insurance.
And you can bet people who had insurance through that company, had their premiums go up.
We all pay for corruption.
Retrograde
(10,130 posts)for a class-action suit by other area taxpayers (either against the district or Deadbeat Donnie himself) for grossly unfair treatment when it came to tax assessments.
I'm not a New York State taxpayer: who has the final say in determining how a property is valued for tax purposes? And how do they do it?
LiberalFighter
(50,789 posts)$5 per hole?
70sEraVet
(3,474 posts)Hell, I'm pissed now!