Appeal of Weaver Investment Company

COA03-1226, Appeal of Weaver Investment Company v. Alamance County, Court of Appeals case of 01 PTC 560. "This Court has held that the income approach is the "most reliable" method to determine the market value of investment or income producing property." "The County relied exclusively on the cost approach in reappraising BHI."

01 PTC 560, Appeal of Weaver Investment Company v. Alamance County, hotel appeal, decrease in occupancy and revenue, County did not use all three approaches to value. "In North Carolina, property must in valued for ad valorem tax assessment purposes at its "true value in money," which is statutorily defined as "market value." Specifically, N.C. Gen. Stat. § 105-283..."