Trump claims city is overtaxing Park Avenue tower retail space

Former President Donald Trump claims New York City is seeking too much in property taxes on the retail space in his condominium tower at 59th Street and Park Avenue and asked a judge to order them reduced.

Trump’s company Trump Park Avenue LLC said the assessment for 2022 is illegal and erroneous because it’s valued higher than similar properties.

Tax assessors estimated the market value of Trump’s Park Avenue retail property at $12.2 million for the current tax year, about $110,000 more than the prior year. That translates into an annual tax bill of about $520,000.

“The said assessments are excessive in that (a) the assessed valuation

→ Continue reading at Crain's New York Business

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