In Re Appeal of Parkdale America

HUNTER, JR., Robert, N., Judge.

Parkdale America, LLC (“Parkdale”) appeals from a final decision of the Property Tax Commission upholding Davidson County’s (the “County”) 2007 ad valorem property tax valuation of two textile mills located in Lexington and Thomasville, North Carolina. Parkdale contends the County’s valuation exceeds the properties’ true value in violation of N.C. Gen. Stat. § 105-283. Parkdale attributes this violation to the County’s reliance on the cost approach method, failure to properly deduct the value lost due to obsolescence, and failure to undertake a “post-market…