Appeal of Charles D. Owens, Jr. and John F. Padgett d/b/a Forest City Associates

COA00-686, Appeal of Charles D. Owens, Jr. and John F. Padgett d/b/a Forest City Associates v. Rutherford County, Court of Appeals remand. "Analyzing the facts in this case, this Court finds that the taxpayers were afforded sufficient procedural due process protections of an opportunity to be heard at a meaningful time and in a meaningful matter."

94 PTC 598, Appeal of Charles D. Owens, Jr. and John F. Padgett d/b/a Forest City Associates v. Rutherford County, Court of Appeals remand. "Pursuant to G.S.. 105-290(3), the valuation assigned to the Taxpayer's properties by the Rutherford County Board of Equalization and Review should be confirmed in every respect."

COA98-270, Appeal of Charles D. Owens, Jr. and John F. Padgett d/b/a Forest City Associates v. Rutherford County, Court of Appeals case of 94 PTC 598. "Suffice it to state we have carefully reviewed the record and determined these contentions are unfounded."

94 PTC 598, Appeal of Charles D. Owens, Jr. and John F. Padgett d/b/a Forest City Associates v. Rutherford County, thirteen parcels, income approach. "After accepting the Taxpayer's income as market income and adjusting the annual gross income of the properties for expenses and vacancy, the resulting net income was capitalized into an indication of market value for each of the subject properties."