In Re the Appeal of King

LAKE, Justice.

Appeal By The County

References herein to the General Statutes relate, both as to section number and as to content, to statutes' in effect prior to the 1971 revision of the Machinery Act.

For purposes of taxation, all property, real and personal, is required to be appraised, as far as practicable, at its true value in money, which means the amount for which such property can be sold in the usual manner of sale. G.S. 105-294. The date of valuation of the property here in question is 1 January 1969. G.S. 105-278, G.S. 105-280. In the case of farmland, the property to be appraised is…