A Florida congressman is urging the Palm Beach County Property Appraiser to take Donald Trump at his word and start taxing his Mar-a-Lago resort at the value the former president claims it is worth, NBC News reported.
In a letter to Property Appraiser Dorothy Jacks last week, Democrat Rep. Jared Moskowitz cited New York Superior Judge Arthur Engoron’s recent ruling that Donald Trump had been committing acts of fraud for years by overvaluing or undervaluing his assets to financial institutions and insurers while overstating his net worth by billions of dollars.
In a raging post on Truth Social after Judge Engoron’s ruling, Donald Trump insisted that his Mar-a-Lago resort was worth fifty to one hundred times what prosecutors from New York Attorney General Letitia James’ office had said.
In another post, Trump claimed that Mar-a-Lago was worth “closer to $1.5 billion.”
In his letter, Moskowitz noted that from 2011 to 2021, Dorothy Jacks valued Mar-a-Lago at between $18 and $28 million while financial documents given to banks by Trump had valued the resort at $490 million.
Citing the recent posts from Trump and a similar post from Eric Trump, Moskowitz asked Jacks if she would be amending her appraisal of the property to reflect “the Trump family’s belief that the property is worth” more than a billion dollars.
NBC News reached out to the Trump campaign to request comment on Moskowitz’s letter, however, the campaign did not respond.
A first-term congressman and member of the House Oversight Committee, Moskowitz is a moderate Democrat whose district includes part of Palm Beach County.
Trump and his company are on trial in New York accused of conspiracy, falsifying business records, and insurance fraud.
Attorney General James is seeking $250 million in penalties and a ban on Trump doing business in the state.