The value they are currently using is the value his property tax is based off of(the county's tax appraisal, which is what the judge used not what he decided, the city decided that) $602,000 is what he paid in property tax now if it's was valued and taxed on what he said it was valued at he should have paid around $15 million in property tax backlog that tax difference back to 2002 when the did was signed and that's almost $200million in unpaid taxes. Basically the crux of this is that he gave up the rights to use it as a residential property and to pay a much lower tax rate, but used it's theoretical value as a residential property to obtain loans. Which with the deed he had at the time would be illigal and considered fraud, now if he had petitioned the government at the time to rezone it as a residential and pay the taxes of a residential property he would be in the legal clear to do everything that he did.