Sir Walter Lodge, No. 411 v. Swain

The question for decision is whether the ten-story office building situate at the southeast corner of Hargett and Salisbury Streets in the city of Raleigh and owned by the plaintiff is subject to an ad valorem assessment and taxation for the years 1934 to 1939. The record suggests an affirmative answer.

First. It is provided by the Revenue Act of 1933, ch. 204, sec. 304 (4-A), Public Laws 1933, that the following real property, and no other, shall be exempted from taxation: “Property belonging to or held for the benefit of . . . charitable ... or benevolent institutions or orders, where the…