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Donald Trump seeks 90% property tax cut on NY golf club

September 5, 2015

Donald J. Trump, the leader for the Republican nomination for president, is still finalizing his plan to reform the country's tax system.

Meanwhile, however, he still has to worry about his own taxes.

Case in point, the real estate tax bill his Trump National Golf Club in Briarcliff Manor, New York, is facing.

Trump National Golf Club Westchester NY website screen shot
Donald Trump's New York City area golf club is fighting its property tax assessment, seeking a lower value on the luxury property so it will get a nearly 90 percent cut in its latest property tax bill.

Trump seeks less huge tax bill: The 140-acre property in Westchester County includes an 18-hole championship golf course and a 75,000-square foot clubhouse with five overnight suites. The club has been given approval to build 71 condominiums overlooking the 9th-hole fairway.

The town of Ossining has valued the property, which sits within the boundaries of one of Westchester County's top school districts, at $13.5 million. That produces a city tax bill of $471,000, as well as school district taxes of $287,000.

That $758,000 total tax bill from Ossining is too huge for The Donald.

Trump National's attorneys say the golf club is now worth just under $1.4 million.

If Trump's lawyers can convince Westchester officials of the drop in value, it would cut the exclusive club's tax bill by almost 90 percent; 89.57 percent to be specific.

That reduction is a big deal. And it's definitely is enough to earn 89.57 percent this week's By the Numbers honor.

One club's tax cut means neighbors' tax hike: The possibility of slashing a tax bill for one of the country's richest men, by his own boasts, is not sitting well with the club's neighbors.

They would have to pick up the tax slack if Trump National Golf Club gets property tax relief.

"He's going to pass the tax burden on to everybody else," Ossining Receiver of Taxes Gloria Fried told The Journal News. "And we still won't get to play on his golf course."

Sort of explains how Trump got so rich, doesn't it?

Anyone can fight the tax collector: Of course, what the Trump organization is doing is perfectly legal.

It's also what any good tax adviser would recommend. If you think your tax bill, or property assessment upon which it is based, is wrong, appeal it.

The difference with Trump is scale. With The Donald, it's always go biggest or go home.

Realistically, though, even Trump's people don't expect to get what they're asking. As their boss would say, asking for the outrageous is all part of negotiating a deal.

The club's attorneys expect a more modest, say around 10 percent, tax value reduction when the appeals process is completed.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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