Appeal of Interstate Income Fund I

COA96-510, Appeal of Interstate Income Fund I v. Forsyth County, Court of Appeals case of 93 PTC 445. "After reviewing the whole record, we conclude the Commission did not err in finding that the County properly valued the property at $10,620,500.00 as of 1 January 1993."

93 PTC 445, Appeal of Interstate Income Fund I v. Forsyth County, shopping mall and theater, income approach, capitalization rate. "Since Taxpayer failed to carry its burden of proof, the commission concludes that the corrected value assigned by the County to the subject property does not substantially exceed the true value in money of the property as of January 1, 1993."