The lands and other property belonging to the University of North Carolina shall be exempt from all kinds of public taxation.
N.C. Gen. Stat. § 116-16
Tax exemption
Applied in 2 court decisions — leading case 165 N.C. App. 379 - In Re the Appeal of Appalachian Student Housing Corp. (2004)
Most recently applied in McAdoo v. University of North Carolina at Chapel Hill (March 2017)
Const., art. 5, s. 5; 1789, c. 306, s. 3; P.R.; R.S., vol. 2, p. 428; Code, s. 2614; Rev., s. 4262; C.S., s. 5783; 1971, c. 1244, s. 2.
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.