For the property it is entitled to tax, a city or town situated in a single county shall accept and adopt the appraisals and assessments fixed by the authorities of that county as modified by the Department of Revenue under the provisions of this Subchapter. However, the requirement of this section shall not be construed to modify the appraisal and assessment authority given cities and towns with respect to discovered property by G.S. 105-312.
N.C. Gen. Stat. § 105-327
Appraisal and assessment of property subject to city and town taxation
Applied in 1 court decision — leading case 124 N.C. App. 349 - Commissioner of Labor of North Carolina v. House of Raeford Farms, Inc. (1996)
Most recently applied in 124 N.C. App. 349 - Commissioner of Labor of North Carolina v. House of Raeford Farms, Inc. (November 1996)
1939, c. 310, s. 1201; 1971, c. 806, s. 1; 1973, c. 476, s. 193.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.