In Re Appeal of Pace/Dowd Properties Ltd.

McCullough, Judge.

Union County appeals from a decision by the North Carolina Tax Commission, holding that Union County used an arbitrary method of valuation in assessing two parcels of land owned by Pace/Dowd Properties, Ltd. Based on the following reasons, we affirm the decision of the North Carolina Tax Commission.

I. Background

Union County appeals from a 24 January 2013 “Final Decision” of the North Carolina Property Tax Commission (“Commission”) concerning the tax value of two parcels of land located within Union County. The two parcels of land at issue, purchased by appellee Pace/ Dowd…