Turns out Mar-a-Lago wasn’t overvalued, Tish

Forbes just estimated the value of Mar-a-Lago at about $560 million, again exposing the fakery in state Attorney General Tish James’ 2023 civil-fraud persecution of President Trump.

James argued that Trump had wildly inflated the value of the resort and other properties to get better loan terms from Deutsche Bank.

Democratic hack Judge Arthur Engoron agreed, calling Trump’s half-a-billion-dollar estimate for the Palm Beach palace “an overvaluation of at least 2,300%, compared to the assessor’s appraisal.”

Bogus assumption No. 1 was that tax assessments reflect real market value; No. 2, that a sophisticated global powerhouse like Deutsche Bank would ever take a borrower’s word for what his assets are worth.

As National Review’s Andrew McCarthy notes, Forbes’ new list of billionaires bumped Trump into the ranks of the 1,000 richest people in the world, partly based on valuing the president’s Xanadu in the ballpark of Trump’s “original fraudulent” estimate.

James’ kangaroo-court win over Trump was set back big-time last year when an appeals court tossed Engoron’s near-$400-million fine as “excessive” and a violation of the Eighth Amendment; unless the state courts are completely corrupted, the entire verdict should be reversed in due course.

Since this case otherwise stands as huge warning that doing business in New York exposes you to nakedly political lawfare, the state will be far better off when that reversal lands — ideally, with language harshly slamming James and Engoron for making a travesty of justice.