IN RE KING

No. 28.

189 S.E.2d 158 (1972)

281 N.C. 533

In the Matter of The Appeal of W. E. KING et al.

Supreme Court of North Carolina.

June 16, 1972.


Attorney(s) appearing for the Case

Keel & Lamar by James W. Keel, Jr., Rocky Mount, for Nash County.

Battle, Winslow, Scott & Wiley, P.A. by Robert M. Wiley, and Biggs, Meadows & Batts by Frank P. Meadows, Jr., Rocky Mount, for taxpayers.

Atty. Gen. Robert Morgan and George W. Boylan, Raleigh, Associate Atty., amicus curiae.


LAKE, Justice.

Appeal By The County

References herein to the General Statutes relate, both as to section number and as to content, to statutes in effect prior to the 1971 revision of the Machinery Act.

For purposes of taxation, all property, real and personal, is required to be appraised, as far as practicable, at its true value in money, which means the amount for which such property can be sold in the usual manner of sale. G.S. § 105...

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