In Re Appeal of the Lane Co.-Hickory Chair Division

TYSON, Judge.

Catawba County appeals the Final Decision of the North Carolina Property Tax Commission (“Commission”), entered 11 June 2001 which valued the subject property at $2,020,000.00. We affirm the decision of the Commission.

I. Facts

A. Description of Property

The Lane Company (“Taxpayer”) owns a multistory manufacturing facility of approximately 573,980 feet located on 10.54 acres in Catawba County.

The original facility was built in the 1920’s. Multiple additions were made in the 1950’s and 1960’s, with one addition built as recently as 1980. The facility’s use is devoted to the…