APPEAL OF COLONIAL PIPELINE CO.

No. 225PA84.

347 S.E.2d 382 (1986)

In the Matter of the Appeal of COLONIAL PIPELINE COMPANY, a public service company engaged in business in North Carolina, from the valuation of its property by the North Carolina Property Tax Commission for 1981.

Supreme Court of North Carolina.

August 29, 1986.


Attorney(s) appearing for the Case

Lacy H. Thornburg, Atty. Gen. by Marilyn R. Mudge, Asst. Atty. Gen., Raleigh, for the State.

Hunton & Williams, by Henry S. Manning, Jr., and William L.S. Rowe, Raleigh, for appellant Colonial Pipeline Co.


EXUM, Justice.

This is an ad valorem tax case in which the petitioner, Colonial Pipeline Company, hereinafter "Colonial," contends that the North Carolina Department of Revenue, "Department," first, and then the Property Tax Commission, "Commission," overvalued Colonial's system property for ad valorem tax purposes. Colonial contends further that the Court of Appeals erred in affirming the Commission's decision on valuation...

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