Schools to make counteroffer on property

Posted by
Ben Munro
in News
Wednesday, June 3. 2009
Comments (0)
Madison County school officials will propose a $32,000 counteroffer in negotiations to sell .83 of an acre the system owns in Danielsville.

The lot is located across from the Madison County government complex.

The school system was offered $20,000 for the land earlier this month. The $32,000 counteroffer is based on a property tax assessment.

Madison County Superintendent Mitch McGhee originally thought $20,000 was a good deal before receiving a recent appraisal of $47,000.

That appraisal was based prices of similar land in the county, including an $84,000 lot located at the corner of Hwy. 98 and Hwy. 29 — the possible site of a grocery store.

McGhee said that value might have skewed the appraisal a bit high, but still thinks the school system can lure more than $20,000 for the land.

He and the Madison County Board of Education (BOE) agreed that the tax appraisal price — $32,000 — was more suitable for a counteroffer.
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