The douche bag judge was looking at the tax assessor’s assessed value, which is ALWAYS less than market value. He compared the Trump Organization generated valuations, which contained legal caveats that the valuations were not generated by a third party and anyone should do their own due diligence before relying upon them.
Ignorance is bliss when you are biased against the defendant.
The judge issued a summary judgement, meaning it does not go to trial to be decided by a jury. The judge bought into prosecutors claim Mar-a-Lago is worth only $18 million (assessed value) when a nearby VACANT lot has a market value of $200 million. In 1985 Trump bought the land from a distressed seller for $8 million, considerably less than its worth.