MATTER OF APPEALS OF SOUTHERN RY. CO., ETC.

No. 8110PTC1223.

296 S.E.2d 463 (1982)

In the Matter of the APPEALS OF SOUTHERN RAILWAY COMPANY AND NORFOLK SOUTHERN RAILWAY COMPANY FROM the VALUATION OF THEIR PROPERTY BY the NORTH CAROLINA PROPERTY TAX COMMISSION FOR 1980.

Court of Appeals of North Carolina.

October 19, 1982.


Attorney(s) appearing for the Case

Brooks, Pierce, McLendon, Humphrey & Leonard by L.P. McLendon, Jr. and Edward C. Winslow III, Greensboro, and William C. Antoine and James C. McBride, Washington, D.C., and Laughlin, Hale, Clark & Gibson by Everett B. Gibson and Gregory G. Fletcher, Memphis, Tenn., for petitioners-appellants.

Atty. Gen. Rufus L. Edmisten by Asst. Atty. Gen. George W. Boylan, Raleigh, for the State.


HILL, Judge.

The petitioner Railroads appeal from the North Carolina Property Tax Commission's decision upholding a Department of Revenue appraisal of petitioners' property. Finding no error, we affirm.

North Carolina General Statutes § 105-283, entitled "Uniform Appraisal Standards," provides: "All property, real and personal, shall as far as practicable be appraised or valued at its true value in money. When used in this Subchapter, the words

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