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Home / Courts / N.C. Supreme Court / Taxation — Ad Valorem – Business Personal Property – Valuation (access required)

Taxation — Ad Valorem – Business Personal Property – Valuation (access required)

Given the fact that used grocery store equipment usually goes “to liquidation” or “the dumpster” at the end of its useful life, the county could use the cost method to value the taxpayer’s personal property, and the county presented sufficient evidence that the taxpayer’s equipment was not a victim of economic obsolescence. We affirm the Court ...

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