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Does Madigan & Getzendanner have a Palm Beach branch?

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In another indication that the world’s most powerful politician has few qualms about battling local public officials, President Donald Trump again has sued the Palm Beach County Property Appraiser over the valuation of his Trump National Golf Club.

The suit marks the fifth year in a row that Trump has disputed the property tax bill for the 131-acre course along Donald Ross Road. Even as he fights the county’s $19.7 million estimate, Trump’s financial disclosures in 2016 and 2017 list the value of Trump National Golf Club in Jupiter as “over $50 million.”

Based on the property appraiser’s valuation, the Palm Beach County Tax Collector sent Trump a bill for $398,315. Trump responded with a lawsuit — and a wire transfer for $296,595.01, which his Tampa-based attorney described as “a good faith estimate” of the sum Trump really owes.

While Trump’s three-page suit doesn’t say how much he thinks the course should be worth, Jupiter Golf Club pays property taxes at a rate of 2 percent. So by claiming he was overcharged by $101,720, Trump asserts that the property is worth $15 million, and that the appraiser overvalued the course by more than $5 million.

Indignant joint Rauner/Kennedy press release and Tribune editorial in 3… 2… Oh, nevermind.

posted by Rich Miller
Wednesday, Jan 31, 18 @ 10:00 am

Comments

A business valuation is far different than a property tax assessment.

Comment by Piece of Work Wednesday, Jan 31, 18 @ 10:07 am
Rich, I think you have some pretty great friends, just saying LOL.

Comment by realkewlio Wednesday, Jan 31, 18 @ 10:09 am
Somewhere, Bruce Rauner’s blood pressure just rose at the mere jesting notion of him having to mention Donald Trump’s name in some way, shape or form.

Comment by PJ Wednesday, Jan 31, 18 @ 10:13 am
At least Trump didn’t pretend he established a “blind trust.” He’s profiting on his office in the open.

Comment by wordslinger Wednesday, Jan 31, 18 @ 10:17 am
It’s probably is worth 19 million if you got rid of the money losing golf club.it was money losing golf clubs that got Fusion looking and of course then Eric said we get our money from Russians.

Comment by Not a Billionaire Wednesday, Jan 31, 18 @ 10:19 am
Nah, it’s in Palm Springs.

Comment by Just Me Wednesday, Jan 31, 18 @ 10:31 am
===Nah, it’s in Palm Springs===

True.

Comment by Rich Miller Wednesday, Jan 31, 18 @ 10:33 am
Actually, his preferred firm is Klafter & Burke.
https://www.illinoispolicy.org/chicago-alderman-seeks-millions-in-property-tax-breaks-for-trump-tower/

Comment by Anonymous Wednesday, Jan 31, 18 @ 10:34 am
Are golf courses in Illinois taxed at an agriculture rate?

Comment by Blue dog dem Wednesday, Jan 31, 18 @ 10:39 am
Golf courses are notoriously difficult to assess - the mixed use aspects of these properties - things like public spaces, pro shops, and reception areas leads to misinterpretation- Medinah was in the news a few years ago - the taxing bodies and the golf course reached a multi year settlement.

http://www.dailyherald.com/article/20141217/news/141218656/

Comment by Texas Red Wednesday, Jan 31, 18 @ 10:39 am
Palm Springs over Palm Beach any day.

Comment by wordslinger Wednesday, Jan 31, 18 @ 10:42 am
It has been ove valued ever since he took the toilets out of the club house

Comment by DuPage Saint Wednesday, Jan 31, 18 @ 10:44 am
===Golf courses are notoriously difficult to assess===

Dude, the post is snark.

Comment by Rich Miller Wednesday, Jan 31, 18 @ 10:44 am
Trump is in FL. Folks in CA don’t tolerate the Trump jhive

Comment by Annonin' Wednesday, Jan 31, 18 @ 10:46 am
Palm Springs golf is better than Palm Beach golf.

“Believe me”

Comment by Oswego Willy Wednesday, Jan 31, 18 @ 10:47 am
=A business valuation is far different than a property tax assessment.=

Actually, businesses can use a different model for property tax valuation based on the actual business versus the more common way hoes are valued. His statement about the value of the business could be a part of the valuation.

Since Trump is a republican Rauner won’t call him corrupt.

Comment by JS Mill Wednesday, Jan 31, 18 @ 10:58 am
Take the Trump name off that thing and I bet the needle will move right up.

Comment by Arthur Andersen Wednesday, Jan 31, 18 @ 11:24 am
As a bonus, Palm Springs now has legal weed.

Comment by Casual observer Wednesday, Jan 31, 18 @ 12:53 pm
@ OW, completely disagree. Respectfully.

Comment by Rutro Wednesday, Jan 31, 18 @ 1:48 pm
===completely disagree===

Different golf too…

You play in Palm Beach with the wind howling off the ocean… nerve racking.

Can’t go wrong either way.

Comment by Oswego Willy Wednesday, Jan 31, 18 @ 1:52 pm
Speaker Madigan, and the property tax systems he controls in 48 continental states (and coming soon to Alaska and Hawaii).

Comment by Whatever Wednesday, Jan 31, 18 @ 1:55 pm
IL provides for golf courses to be valued as ‘Open Space’ under the Property Tax Code, as Amended.

They tend to be valued at a considerably lower rate than if the land was cleared and permitted for residential/commercial business development (under Open Space regs).

Just from reading the story, looks to me like a typical argument between the Assessor and the golf club/course owner.

I’ve seen property tax appeals where the parties to the appeal are fighting over 85-90% difference. Those tax appeals were rather contentious.

Comment by Anon Downstate Wednesday, Jan 31, 18 @ 3:14 pm
@JS Mill:

“…the ways hoes are valued”?

THAT might be an interesting discussion. Perhaps it could be the” Question of the day ” tomorrow.

Rich, you willing to put this up for comment?

Comment by Lynn S. Thursday, Feb 1, 18 @ 2:42 am