A man who sold a plot of land for double its assessed value to Democrat congressional candidate Dan McCready later made two donations to the campaign.
In 2016, he purchased a parcel of land from John Leekley in Rutherford County for $1.2 million, more than double the assessed value in tax records.
Records from Rutherford County show a sale in 2016 of the tract of land comprised of about 524 acres from Leekley to DL Land Ventures, LLC, a limited liability company formed by McCready.
The latest property summary shows the 2019 appraised value of land at $593,300, according to a county revenue website.
McCready's congressional disclosure from the 2018 race showed an asset listed under DL Land Ventures for an "Investment property" which McCready then valued between $500,001 and $1,000,000, but still not as much as the 2016 sale price of $1.2 million.
Kendra Arnold, executive director for the watchdog group Foundation for Accountability and Civic Trust, said the public is owed an explanation about the discrepancy between the sales price and the land value, in order to gauge the accuracy of his reporting.
The Rutherford County Assessor's site also features a disclaimer about discrepancies between sale price values and assessed value.
https://freebeacon.com/politics/dem-overpays-for-land-from-future-donor/
In 2016, he purchased a parcel of land from John Leekley in Rutherford County for $1.2 million, more than double the assessed value in tax records.
Records from Rutherford County show a sale in 2016 of the tract of land comprised of about 524 acres from Leekley to DL Land Ventures, LLC, a limited liability company formed by McCready.
The latest property summary shows the 2019 appraised value of land at $593,300, according to a county revenue website.
McCready's congressional disclosure from the 2018 race showed an asset listed under DL Land Ventures for an "Investment property" which McCready then valued between $500,001 and $1,000,000, but still not as much as the 2016 sale price of $1.2 million.
Kendra Arnold, executive director for the watchdog group Foundation for Accountability and Civic Trust, said the public is owed an explanation about the discrepancy between the sales price and the land value, in order to gauge the accuracy of his reporting.
The Rutherford County Assessor's site also features a disclaimer about discrepancies between sale price values and assessed value.
https://freebeacon.com/politics/dem-overpays-for-land-from-future-donor/
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