Tag Archives: Property Tax

Taxation – Real Property – Non-Profit – ‘Ownership’ – Charitable Purpose – First Impression – Control Test (access required)

In re Appeal of Blue Ridge Housing of Bakersville LLC Even though non-profit Northwestern Housing Enterprises, Inc. (NHE) owns only a 0.1 percent interest in the Mitchell County low-income housing development of Cane Creek Village, since NHE controls Cane Creek Village and in all likelihood will buy the other 99.9 percent in a few years, Cane Creek Village is exempt from county real estate taxes.

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