In re Ocean Isle Palms LLCAnnotate this Case
In 2007, Brunswick County conducted an authorized appraisal of all property in the County. However, in 2008, which was not a statutorily designated year for setting property values for tax purposes, the County reassessed the tax value of real property belonging to Ocean Isle Palms LLC. Ocean Isle disputed the resulting tax values, arguing that the values were unlawful because they were based on an invalid reassessment. The County Board of Equalization and Review declined to change the valuations. On appeal, the Property Tax Commission found the 2008 revaluation was unlawful and granted Ocean Isle's summary judgment motion. The court of appeals reversed. The Supreme Court reversed, holding that the reassessment conducted in the nonreappraisal year 2008 violated the relevant statutes, and the alteration of the taxable value of Ocean Isle's property under the 2008 reassessment was unlawful.