In Re the Appeal of Carolina Quality Block Co.

Although no reference is made to it in the briefs, we find that there has been in existence since 1931 the following statute:

“G.S. § 105-428. Basis of tax valuation. — All motor vehicles shall be valued or appraised for purposes of taxation upon the rule or standard of valuation established by “The Automobile Blue Book,” or any other standard of value which may be reasonable, equitable and just.”

The succeeding statute provides that it shall apply to many counties, including Guilford. Apparently this statute was not known, to the Tax Department of Guilford County since in the testimony of Mr.…