[ad_1]
Five years ago, Trump promised to preserve about 600 square feet of forest around the Seven Springs property on the outskirts of New York. In return, he is said to have received a tax cut of $ 21.1 million. , according to court documents read by the Washington Post.
The size of the tax reduction was established based on a 2016 property value estimate of $ 56.5 million.
New York Justice Minister Letitia James is investigating whether the Trump Organization inflated the property’s value, according to court documents. The investigation is led by Democrat Letitia James, state attorney general, a position that has common features with both the public prosecutor’s office, the prosecution and the state justice minister.
The fee is said to have been based on unfounded assumptions and misleading conclusions that inflated the estimated value, according to two independent experts who reviewed the documents for the Washington Post.
The real estate company behind the estimate, Cushman & Wakefield, has been collaborating with Trump for several years and has offices in a building that Trump owns in part.
Trump Organization attorney Alan Garten says he cannot comment on the fee, but claims the allegations are false. Cushman & Wakefield will not comment on the case.
