Letter of the Day: Why was land bought by city so under-valued by assessor?

With regard to the Statesville City Council’s decision to pay $77,000 for a 0.39-acre parcel of land that was assessed at $15,620, I think that an equally pertinent question is why that land was assessed that low if the market value was so much higher.

The county assessment forms we all received last year state, "Assessed value represents market value."

I challenge you to get an answer from the tax assessor’s office.

Audrey Bollero
Statesville