De Blasio Refers Trump Org Property Tax Review To DA

Politico reports:

The de Blasio administration has referred findings from a review of the Trump Organization’s property tax filings to the Manhattan district attorney’s office, Mayor Bill de Blasio said Friday morning.

In October, WNYC reported that President Donald Trump’s business portfolio would cite lower income from its properties when reporting to the Department of Finance, which is in charge of levying property taxes, but would report higher values when speaking with investors.

Each year, landlords big and small hire tax certiorari firms to contest assessments from the finance department in an attempt to revise them downward. However, WNYC cited experts in its report that said the discrepancies in the Trump Organization’s reported income may rise to the level of fraud.