To the Editor:
Ralph Perry’s letter [“Ideas to Help Solve Overcrowding In Schools and Reduce Cost of Bond,” Mailbox, October 3] presents a pair of interrelated data points whose joint significance appears to need emphasizing. He notes that the school system has plans to buy a particular property on Thanet Road for $12.6 million, on which its present owners are paying taxes of $230,000 a year. The selling price is disproportionate to the tax payments. Taxes of $230,000 per year project to an assessed valuation of approximately 9.7 million, not 12.6 million. If and when this transaction takes place, logically either the school system should pay less or the sellers should pay back taxes at least back to the general revaluation circa 2010 on the underassessment they have been benefiting from — preferably with interest.