IN RE OCEAN ISLE PALMS LLC

No. COA11-1127.

723 S.E.2d 543 (2012)

In the Matter of Appeal of OCEAN ISLE PALMS LLC from the Decision of the Brunswick County Board of Equalization and Review Concerning the Valuation and Taxation of Real Property for Tax Year 2010.

Court of Appeals of North Carolina.

February 21, 2012.


Attorney(s) appearing for the Case

Nelson Mullins Riley & Scarborough LLP, Raleigh, by Charles H. Mercer, Jr. , and Reed J. Hollander , and The Coastal Companies, Holden Beach, by Elaine R. Jordan , for Taxpayer Ocean Isle Palms LLC.

Parker Poe Adams & Bernstein LLP, by Charles C. Meeker , Jamie Schwedler , and Brenton W. McConkey , Raleigh, and Jana Berg, Esq. , Fayetteville, for Brunswick County.


STEPHENS, Judge.

Factual Background and Procedural History

This appeal arises from a dispute over adjustments to the 2007 tax revaluations of certain residential lots in Brunswick County ("the County"). For many years, the County has used the sales prices of comparable residential lots to set tax value base rates. Prior to 2005, few residential lots in the County were sold without infrastructure such as roads and water and sewer lines in place. Because...

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