Each county in North Carolina is required by statute to value property at its “true value in money” – that is the actual market value of the property. This standard applies to real property as well as business or commercial personal property in the state. Frequently business and residential property owners are faced with valuations of their property performed by county taxing authorities which are substantially in excess of the real or personal property’s true or actual value for which it could be sold in the market.
Our lawyers represent individuals and businesses across the state of North Carolina, assisting property owners with the appeals of their property tax valuations and in developing the best strategy for the resolution of their tax disputes, whether through negotiated resolution or contested hearings.
Manning Fulton’s attorneys have extensive experience in litigating real and personal property tax appeals for individuals and business before county Boards of Equalization and Review, the North Carolina Property Tax Commission, the North Carolina Court of Appeals and the North Carolina Supreme Court.