From Lexology
Written by Chad W. Essick and Andrew H. Erteschik
Excerpt:
The North Carolina Supreme Court has declined to review a Court of Appeals decision holding that one of North Carolina’s most recognizable tourist attractions, Grandfather Mountain, is subject to property taxes in Avery County.
In 2008, the undeveloped portion of Grandfather Mountain – now known as Grandfather Mountain State Park – was sold to the State of North Carolina. In connection with that sale, Grandfather Mountain Stewardship Foundation (GMSF), a non-profit entity, was established to oversee operations on the remaining, developed portion of Grandfather Mountain that was not sold to the state…..
In December 2010, GMSF filed an application for exemption from property taxes with Avery County… Avery County denied GMSF’s request and GMSF appealed to the North Carolina Property Tax Commission….. The Commission granted GMSF’s request for exemption and Avery County appealed to the North Carolina Court of Appeals.
In a unanimous, published decision, the Court of Appeals agreed with Avery County and reversed the Commission’s decision.
GMSF appealed the Court of Appeals’ decision to the North Carolina Supreme Court. On December 15, 2014, the Supreme Court dismissed GMSF’s appeal and declined to review the Court of Appeals’ decision.
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