Property taxes higher this year for most Trump-linked real estate in Palm Beach County

The county set the 2018 property tax bill for all Trump-linked real estate at $1.36 million, up from $1.18 million last year

Miami /
Nov.November 03, 2018 01:30 PM

Donarld Trump and Trump National Golf Club in Jupiter (Credit: Nicklaus, Wikipedia)

Property taxes are higher this year than last year for most Palm Beach County properties linked to President Donald Trump.

This year’s total property tax bill for all Trump-related properties in the county is about $1.36 million, up from $1.18 million last year.

The 2018 property tax owed on the 17-acre Mar-a-Lago Club in Palm Beach is $488,943, based on an assessed value of $25.4 million.

Last year, the property tax on Mar-a-Lago was $459,164 and the property’s assessed value was $23.1 million.

A limited liability company controlled by President Trump’s sons Eric and Donald Jr. owes a prorated amount of property tax on an oceanfront house at 1125 South Ocean Boulevard, near Mar-a-Lago.

The company controlled by Eric Trump and Donald Trump Jr. bought the oceanfront house on May 16 for $18.25 million from their aunt Maryanne Trump Barry, a retired federal appeals judge. The company owes $130,180 of the total 2018 property tax of $206,587 on the house, which was assessed at about $11.7 million.

The only Trump-linked real estate in Palm Beach County with property tax lower this year than last year is Trump National Golf Club in Jupiter. The property tax this year on the 131-acre golf club is $379,151, down from $398,315 last year.

Trump frequently has disputed the county property appraiser’s assessment of Trump National Golf Club. The company that owns the golf club already has asked the state government’s Value Adjustment Board to review the county’s 2018 valuation of the golf club at $19.1 million.

A lawsuit filed by the company that owns Trump National Golf Club to dispute prior assessments of the property remains unresolved. [Palm Beach Post]Mike Seemuth


Related Articles

arrow_forward_ios
Donald Trump Jr. and Kimberly Guilfoyle with 492 & 494 Mariner Drive (Getty, Google Maps)
Jupiter’s Admirals Cove residents speak out against Don Jr. and Kimberly Guilfoyle’s plans to move in
Jupiter’s Admirals Cove residents speak out against Don Jr. and Kimberly Guilfoyle’s plans to move in
535 North County Road (Palm Beach Property Appraiser)
Oceanfront Palm Beach spec mansion hits the market, asking record $140M
Oceanfront Palm Beach spec mansion hits the market, asking record $140M
Laurent Morali and Charles Kushner (iStock)
Kushner buying sites near Delray Beach, Lake Worth for industrial and mixed-use projects
Kushner buying sites near Delray Beach, Lake Worth for industrial and mixed-use projects
President Donald Trump with Melania Trump and Mar-a-Lago (Getty)
Florida representative wants Mar-a-Lago shut down following maskless NYE party
Florida representative wants Mar-a-Lago shut down following maskless NYE party
South Florida contracts increase through the end of 2020. (Getty)
Signed resi contracts up in South Florida in December
Signed resi contracts up in South Florida in December
Background photo: Hannukah reception in 2019, Getty; President Donald Trump via gdizzle99/Instagram, inset
Real estate players celebrate Hanukkah at Trump’s White House party
Real estate players celebrate Hanukkah at Trump’s White House party
Palm Beach (iStock)
South Florida resi contracts continue growing in November, with Palm Beach in the lead
South Florida resi contracts continue growing in November, with Palm Beach in the lead
(iStock)
South Florida October construction starts drop, year-over-year
South Florida October construction starts drop, year-over-year
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...