In a decision entered February 21, 2012 (In the Matter of Appeal of Ocean Isle Palms, LLC, COA 11-1127), the North Carolina Court of Appeals reversed a decision of the North Carolina Property Tax Commission in favor of the property owner regarding tax valuation of real estate. For several years the county had valued lots in subdivisions that did not have completed infrastructure using a sliding scale based upon an approximate percentage of infrastructure completed. As more lots were sold without infrastructure, the county changed this method of valuation and the land owner argued that the valuation was not permitted by statute. The tax commission agreed with the land owner, but the Court of Appeals reversed the tax commission and sent the case back for a factual determination of how the valuations were made.
About Bill CannonBill Cannon is a native of Leesburg, Georgia and has been practicing law for more than 35 years. He focuses his practice in the area of civil litigation and has extensive experience in complex litigation. He has a keen interest in professionalism and has been a speaker for orientations on professionalism at law schools. Bill is an author of a variety of professional articles and has made many presentations on professionalism in the practice of law and the importance of the justice system.
Join Us in Our Social Circles