Appeal of Fayette Place LLC

COA07-1483, Appeal of Fayette Place LLC v. Durham County, Court of Appeals case of 05 PTC 687. "As the Housing Authority possesses complete ownership of Fayette Place, the possessor of legal title to the property, we hold that the property belongs to the Housing Authority for the purposes of N.C. Gen. Stat. § 105-278.1(b)."

05 PTC 687, Appeal of Fayette Place LLC v. Durham County, public housing project, denied application for exemption, City of Durham Housing Authority exercise management and control of the property and operate as low income housing. "The County Board improperly affirmed the Tax Administrator's decision that denied Appellant's application for exemption from ad valorem taxation of the subject property for tax year 2005."