Why Jon Stewart's Home Overvaluation is Different from Donald Trump's

Experts say that there are key differences between the high valuation comedian Jon Stewart allegedly secured for the sale of his penthouse in 2014 compared to what former president Donald Trump is accused of doing in a civil fraud case in New York.The New York Post reported that the Daily Show host sold a Tribeca property for $17.5 million and suggested that the price was 829 percent higher than what an assessment showed its value was.

'Norm Miller, a real-estate economist and emeritus professor at the University of San Diego, told Newsweek that 'assessed value does not equal market value and it's typical to have a ratio of assessed value in the market value that varies by market.'Miller added that assessed values can also lag from market values.'They don't necessarily increase the assessed value nearly as fast or as much as the market values change,' he said.

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