First Draft: Donald Trump Golf Course Seeks to Ease Tax Bite With Lower Valuation

264 views Leave a comment
PhotoDonald J. Trump played golf during his Trump National Golf Club in New York in 2010.
Donald J. Trump played golf during his Trump National Golf Club in New York in 2010.Credit Chad Batka for The New York Times

For Donald Trump, it is typically good business to be confident about a value of his endless portfolio of golf courses and genuine estate developments. But in one instance, a Republican presidential carefree is apparently observant advantages in minimizing a value of a property.

According to a news in The Journal News, formed in White Plains, Mr. Trump’s golf association is perplexing to relieve a skill taxes it pays on a Trump National Golf Club, a 140-acre formidable in Briarcliff Manor, N.Y.

To do so, a counsel for a club, Jeffrey Rodner, filed paperwork with a Town of Ossining observant that a stream full marketplace value of a skill is $1.36 million — a poignant drop-off from prior valuations.

The property, according to a Journal News report, is now taxed on a value of $13.5 million, and if a full rebate is approved, it would revoke a taxes on a skill by about 90 percent, to $47,000 from $471,000.

Trump National non-stop in a early 2000s, with Mr. Trump observant that he had spent $40 million to build it, after he bought a Westchester County site for $8 million in a 1997 foreclosure sale. The skill includes a 75,000-square-foot clubhouse, along with guest suites, a swimming pool formidable and tennis courts.

As recently as July, Mr. Trump listed a bar among his assets, valuing it during over $50 million in his personal financial avowal filing with a sovereign government, that is compulsory for his presidential campaign. He reported income from a bar of $9.5 million, naming “golf-related revenue.”

It was not transparent what accounted for a differences in a valuations, and member for Mr. Trump did not respond to messages seeking comment.