(a) Having determined the appraised valuation of the "nondistributable" system property of a railroad company, the Department of Revenue shall assign the valuations for taxation to the local taxing units in which such property is situated in the same manner as is provided for nonsystem property in G.S. 105-339.
(b) Having determined the appraised valuation of the "distributable" system property of a railroad company and having allocated the valuations in accordance with G.S. 105-338(b)(1), the Department of Revenue shall then certify the amounts of those allocations to the local taxing units to which such amounts are due in accordance with the provisions of G.S. 105-341.
(c) Each local taxing unit receiving certified valuations in accordance with this section shall assess them at the figures certified and shall tax the assessed valuations at the rate of tax levied against other property subject to taxation therein. (1939, c. 310, s. 1620; 1971, c. 806, s. 1; 1973, c. 476, s. 193; c. 695, s. 19.)
Notes of Decisions
Powell v. Cnty. of Haywood, 189 S.E.2d 785 (N.C. Ct. App. 1972).
· cites it 2× “105-302 (d), G.S. 105-340 (a), and G.S. 105-376 (a). “For purposes of tax listing and assessing, the owner of the equity of redemption in any property which is subject to a mortgage or deed of trust shall be considered the owner of such real estate.”
Duplin Cnty. v. Jones, 147 S.E.2d 603 (N.C. 1966).
“105-304(a) provides: “In general, personal property shall be listed in the name of the owner thereof on the day as of which property is assessed * * G.S. 105-340(a) provides: “The lien of taxes levied on property and polls listed pursuant to this subchapter shall attach to all…”
In Re Kirkman Furniture Co., 129 S.E.2d 471 (N.C. 1963).
“105-325; G.S. 105-340. Moreover, all taxes due Guilford County and the City of High Point had accrued and constituted a lien against the real estate of the debtor herein 'before any notice of taxes due the United States was filed of record in Guilford County, North Carolina,…”
Goldsboro Milling Co. v. Reaves, 804 F. Supp. 762 (E.D.N.C. 1991).
· cites it 5× “The authority for these statements, however, was former N.C.Gen.Stat. § 105-340. That statute was ambiguous as to the narrow question of whether taxes on one parcel were a lien on another parcel owned by the same taxpayer.”
N.C. Gen. Stat. § 105-340(a): 1 case
Duplin Cnty. v. Jones, 147 S.E.2d 603 (N.C. 1966).
“105-304(a) provides: “In general, personal property shall be listed in the name of the owner thereof on the day as of which property is assessed * * G.S. 105-340(a) provides: “The lien of taxes levied on property and polls listed pursuant to this subchapter shall attach to all…”
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