This article underlines the significant discrepancy between a property's assessed value, appraised value, and its actual selling price. It's not the same.
Trump faced fraud charges for intentionally and consistently misvaluing assets across 23 different properties and other assets. This was done to persuade banks to lend to the Trump Organization on more favorable terms.
From 2011-2021, Mr. Trump and the Trump Organization knowingly and intentionally created more than 200 false and misleading valuations of assets on his annual Statements of Financial Condition to defraud financial institutions.