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Notes -
An order of magnitude more than the assessed value is already like 70% of the low end of OP's speculated value.
What do you mean by 'much less', and why do you think that?
Because we can look at much smaller properties around it and see how much they are worth. So even if per acre / per sq Ft MAL is worth much less it would still be worth a bunch because the amount of acres and sq Ft is much more than normal for this area.
$25mil is 'a bunch'.
You seem to agree with me that it will be worth less than surrounding properties, but you're still using them as your anchor.
The only question is how much less it is worth.
Absent any additional information about that, I'm fine trusting the county assessor and the judge, until someone shows me more evidence. I at least trust them more than Eric Trump, who is the source of this hot take.
But anyway, that's all sort of besides the point. It sounds like you agree with me that Trump significantly overstated the value of the property, which is what the judge was saying in this section.
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