Mar-a-Lago Valued at $12 Billion, According to Defense Expert
Lawsuit Alleges Trump Inflated Property's Worth for Tax Benefits
Trump's Attorneys Argue Property is Worth Significantly More Than Assessed Value
In a bombshell development in the ongoing legal battle over former President Donald Trump's Mar-a-Lago resort, a defense expert has testified that the property is worth more than $12 billion.
The revelation came during a deposition in a lawsuit brought by the Palm Beach County Property Appraiser's Office, which alleges that Trump inflated the value of Mar-a-Lago in order to reduce his property tax bill.
Trump's attorneys have argued that the property is worth significantly more than the $276 million assessed value by the assessor's office. They have pointed to the Mona Lisa, which is currently insured for $1 billion, as a comparison.
The defense expert's testimony adds a new twist to the case, suggesting that the property could be worth billions of more dollars than previously believed. The outcome of the lawsuit could have significant implications for Trump's finances and the future of Mar-a-Lago.
According to Forbes, the latest evaluation of Mar-a-Lago in March valued the property at $350 million. However, the 2022 tax rolls have not yet been finalized, so the official market value of the property is still unknown.
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