Appeal of NC Yadkin House, LLC

COA12-630, Appeal of NC Yadkin House, LLC v. Rowan County, Court of Appeals case of 10 PTC 901. "Accordingly, we affirm the holding of the Commission."

10 PTC 901, Appeal of NC Yadkin House, LLC v. Rowan County, apartment building, revoked property tax exemption. "Since the subject property is entirely and completely used by the owner for charitable purposes; and (ii) the owner is not organized or operated for profit, then the property meets all statutory criteria for exemption as described in applicable case law."