The size of Trump’s tax windfall was set by a 2016 appraisal that valued Seven Springs at $56.5 million — more than double the value assessed by the three Westchester County towns that each contained a piece of the property.
The valuation has now become a focal point of what could be one of the most consequential investigations facing President Trump as he heads into the election.
New York Attorney General Letitia James (D) is investigating whether the Trump Organization improperly inflated the value of Seven Springs as part of the conservation easement on the property, according to filings in the case in August. The investigation also scrutinizes valuations, tax burdens and conservation easements at Trump’s holdings in Los Angeles, Chicago and New York City.
Trump’s son Eric, who now helps run the Trump Organization, sat for a deposition in the case Monday.
The Seven Springs appraisal, obtained by The