official palm beach county property appraiser (tax office) says mar a lago is worth $37m. corrupt New York judge says only $18m.
(www.pbcgov.org)
🛑  Corrupt Commies  🛑
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I would say the property is worth more simply because it is being used to bring in an income. I'm not a tax guy, but I would use the annuity value of that income stream as part of the overall market value.
Appealing taxes is a lost cause. Assessments are lower than an appeal because they look more closely at the property.
In nearly every single case your assessment will actually go up because the city wasn’t aware of improvements made over the years. They go off comparable properties that have sold recently or time adjusted increases at 2% a year.