Presumed Guilty

[psk836]

https://nypost.com/2024/03/27/real-esta ... me-by-829/

“Comedian Jon Stewart ranted this week that Donald Trump’s civil real-estate case overvaluing his properties was “not victimless,” yet when it came to his own home, Stewart benefited from a similar inflation.”

“But it didn’t take long for internet sleuths to look into Stewart’s own property history, which shows his New York City penthouse sold for 829% more than its assessed value, records confirmed by The Post reveal.

In 2014, Stewart sold his 6,280-square-foot Tribeca duplex to financier Parag Pande for $17.5 million.“

“The property’s asking price at that time is not available in listing records.

But according to 2013-2014 assessor records obtained by The Post, the property had the estimated market-value at only $1.882 million.”

“The actual assessor valuation was even lower, at $847,174.“

“Records also show that Stewart paid significantly lower property taxes, which were calculated based on that assessor valuation price — precisely what he called Trump out for doing in his Monday monologue.“

‘“Did @jonstewart commit fraud when he sold his penthouse for $17.5M? NY listed its market value at $1.8M an AV at around 800k… Who did he defraud?? I am SHOCKED,” he wrote.

“This is right in [Letitia James’] jurisdiction! I look forward to the grand jury indictment,” a user quipped in response to the tweet.“

[stuporstitionist]

Selling a property above its assessed value is not fraudulent. There was no deception. The buyer willingly paid more than the assessed value.

Altering financial statements to misrepresent asset values for financial gain is fraudulent.

See the difference?

[clusterchuck]

https://nypost.com/2024/03/27/real-esta ... me-by-829/

“Comedian Jon Stewart ranted this week that Donald Trump’s civil real-estate case overvaluing his properties was “not victimless,” yet when it came to his own home, Stewart benefited from a similar inflation.”

“This is right in [Letitia James’] jurisdiction! I look forward to the grand jury indictment,” a user quipped in response to the tweet.“

Jon Stewart is a really punny guy.

ARE YOU CATCHING ON YET.jpg

[thelionofthenorth]

Yet another day of Cons proving their ignorance: today’s trope, the difference between assessed value for taxes, vs market value.

[stuporstitionist]

One more point:

Jon Stewart wasn't trying to get a loan against the property.


Reminder: The crime is when you claim one value for taxes and a different one for collateral.

[clusterchuck]

In what jurisdiction does a property owner establish the value of their property for tax purposes?

[stuporstitionist]

In what jurisdiction does a property owner establish the value of their property for tax purposes?

In my town you file an appeal with the tax office at City Hall if you think the government assessment is wrong.