In re Appeal of Villas at Peacehaven, LLC

McCullough, Judge.

Villas at Peacehaven, LLC, (“taxpayer”) appeals from the Final Decision of the North Carolina Property Tax Commission (the “Commission”) dismissing its appeal from the decision of the Forsyth County Board of Equalization and Review (the “Board”). For the following reasons, we reverse.

I. Background

This case concerns the revaluation of property in Winston-Salem that taxpayer owns and operates as a rental community known as Villas at Peacehaven. The property at issue is comprised of 121 adjacent tax parcels spanning approximately 25 acres. Of the 121 separate tax parcels, 120…