Post by Logan on Apr 24, 2016 3:46:56 GMT -6
TRENTON — Donald Trump reportedly gets a tax break in New Jersey thanks to a pair of unexpected sources: goats and hay on his golf courses.
Public records show the billionaire businessman and Republican presidential front-runner qualifies for a New Jersey farmland tax break because he utilizes a small goat herd, hay farming, and wood cutting at golf clubs he owns in the Garden State, according to a report by the Wall Street Journal.
That saves Trump tens of thousands of dollars a year in property taxes on two of his three New Jersey courses, in Bedminster and Colts Neck, the report said.
The Journal estimates that the real estate mogul pays fewer than $1,000 in taxes a year on land that would otherwise carry annual taxes of about $80,000, according to property values listed on the state's website.
Read more: www.nj.com/politics/index.ssf/2016/04/have_goats_given_donald_trump_a_tax_break_in_nj.html
Public records show the billionaire businessman and Republican presidential front-runner qualifies for a New Jersey farmland tax break because he utilizes a small goat herd, hay farming, and wood cutting at golf clubs he owns in the Garden State, according to a report by the Wall Street Journal.
That saves Trump tens of thousands of dollars a year in property taxes on two of his three New Jersey courses, in Bedminster and Colts Neck, the report said.
The Journal estimates that the real estate mogul pays fewer than $1,000 in taxes a year on land that would otherwise carry annual taxes of about $80,000, according to property values listed on the state's website.
Read more: www.nj.com/politics/index.ssf/2016/04/have_goats_given_donald_trump_a_tax_break_in_nj.html