On Wednesday, The New York Post reported that Jon Stewart, after stating that “that Donald Trump’s civil real-estate case overvaluing his properties was “not victimless,”” was found to have done similar things.
When The New York Post did some investigating, this is what they found:
But it didn’t take long for internet sleuths to look into Stewart’s own property history, which shows his New York City penthouse sold for 829% more than its assessed value, records confirmed by The Post reveal.
In 2014, Stewart sold his 6,280-square-foot Tribeca duplex to financier Parag Pande for $17.5 million.
The property’s asking price at that time is not available in listing records.
But according to 2013-2014 assessor records obtained by The Post, the property had the estimated market-value at only $1.882 million.
…The actual assessor valuation was even lower, at $847,174.
Records also show that Stewart paid significantly lower property taxes, which were calculated based on that assessor valuation price — precisely what he called Trump out for doing in his Monday monologue.
Pande, who purchased the penthouse from Stewart, then resold the property at a nearly 26% loss, according to the Real Deal — at just over $13 million — in 2021.
Clean up your own backyard!
The article concludes:
Trump had valued the property, known as Seven Springs, at $261 million.
The difference between Stewart and Trump’s cases is that a judge ruled that Trump sometimes exaggerated to lenders about how big his properties were, including the square footage of his Trump Tower apartment.
The $454 million bond to appeal the ruling marks the highest bond ever recorded in United States history against a single individual.
I guess the laws only apply to some people.