Appeal of Ocean Isle Palms LLC

128A12, Appeal of Ocean Isle Palms LLC v. Brunswick County, Supreme Court case of COA11-1127 and 10 PTC 625. "…the reassessment conducted in the nonreappraisal year 2008 violated section 105-287(a)(2), and the alteration of taxable value of Ocean Ise's property under the 2008 reassessment was unlawful. Therefore, the Commission properly granted summary judgement in favor of Ocean Isle. We reverse the decision of the Court of Appeals."

COA11-1127, Appeal of Ocean Isle Palms LLC v. Brunswick County, Court of Appeals case of 10 PTC 625. "…the County is actually arguing for a new standard appraisal practice to be implemented. Because there is not a circumstance covered by N.C. Gen. Stat. § 105-287 (a) (2) (2011), the Commission properly found that Ocean Isle was entitled to judgement as a matter of law and I would affirm that finding."

10 PTC 625, Appeal of Ocean Isle Palms LLC v. Brunswick County, 109 real property parcels of land, condition factor adjustment method for lots without infrastructure, nothing in County's schedule of values defining condition factor, value increase in non-revaluation year. "To be clear, we see nothing erroneous about the inclusion of the condition factor in the County's 2007 Schedule of Values nor in its grant of discretion to appraisers to use their experience and expertise to determine the true value of properties."