Appeal of The Greens of Pine Glen LTD. Partnership

97 PTC 427, Appeal of The Greens of Pine Glen LTD. Partnership v. Durham County, remand from COA00-1218. THE COMMISSION THEREFORE, ORDERS, ADJUDGES AND DECREES that the decision of the Durham County Board of Equalization and Review assigning a total value of $7,488,350 to the subject real property is hereby MODIFIED and the County shall revise its tax records as may be necessary to reflect the Findings of Fact and Conclusion of Law of the Commission, assigning a total value of $7,250,050 to the subject property as of January 1, 1997."

681PA01, Appeal of The Greens of Pine Glen LTD. Partnership v. Durham County, Supreme Court case of COA00-1218. "Based upon the foregoing, we reverse the decision of the Court of Appeals. We also remand this matter to the Court of Appeals for further remand to the North Carolina Property Tax Commission for the limited purpose of substituting in its final decision the correct square footage value for The Greens of Pine Glen."

COA00-1218, Appeal of The Greens of Pine Glen LTD. Partnership v. Durham County, Court of Appeals case of 97 PTC 427. "…the Commission or the County must use a method or combination of methods which take into account the market standard for property restricted by the requirements of section 42."

97 PTC 427, Appeal of The Greens of Pine Glen LTD. Partnership v. Durham County, apartment complex in affordable housing program administered under Section 42 of the Internal Revenue Code. "Durham County was legally required to appraise the subject property for ad valorem tax purposes as though it were not encumbered by the Section 42 restrictions."