Property taxes on the 140-acre golf club would drop from $471,000 to $47,000; the neighbors would pick up the $424,000 tab leftover, according to the report.
The club was taxed at $35 million when Trump purchased the property and rebuilt the course; currently the club is taxed on $13.5 million in value. Jeff Rodner, Trump National attorney, says the property is now worth $1.4 million, according to LoHud.
CLICK HERE to read the full story.
Click here to follow Daily Voice Bronxville and receive free news updates.