Trump campaign insists income-based New York tax credit is in error

Story highlights

  • The credit would imply that Trump makes far less money than he claims
  • Trump spokeswoman Hope Hicks said the credit was in error

Washington (CNN)Donald Trump once again received a credit reserved for those making less than $500,000 on his latest New York City tax bill -- something the campaign insists was an error by the city for the second quarter in a row.

On Trump's quarterly property tax bill issued last Friday, the GOP presumptive nominee was granted a $304 Basic STAR credit, a New York City school tax relief program granted to New York City homeowners who have a combined household income with their spouse of less than $500,000 a year. That would imply that Trump, who has closely guarded his financial records but frequently brags about his net worth, makes far less money than he claims.
    Trump spokeswoman Hope Hicks said Monday the credit was in error.
    "The city was alerted to this and is in the process of immediately correcting," she told CNN in an email.
    Crain's New York was the first to report Trump receiving the credit.
    June's statement is not the first time Trump received the credit. It also appeared on his March statement, which was also called an error, per Crain's.
    There has been heightened scrutiny of all of Trump's financial records as the mogul runs for office. He has refused to release his federal tax returns, claiming he will make them public when he is no longer under audit, and has repeatedly insisted he is worth $10 billion even as experts question that figure.
    Receiving the credit implies that his annual income is much lower than befitting a billionaire, though much of his net worth is tied up in assets in his real estate empire.
    According to the city's website, the STAR credit is applied for homeowners who were eligible as of the 2014 tax year. The tax break is automatically given to residents who were receiving the credit and bought their home prior to May 2014.
    In response to an inquiry from CNN, the New York mayor's office could not immediately answer how Trump ended up receiving the credit and whether it was in error.
    "The Department of Finance has a process in place for reviewing eligibility that it must follow. DOF has been reviewing Mr. Trump's exemption status for final determination," mayoral spokeswoman Freddi Goldstein said in a statement to CNN.