In Re Appeal of the Forsyth County Tax Supervisor Regarding Certain Property Owned by Wake Forest University

WELLS, Judge.

The basic question before us on this appeal is whether any portion of the Grove’s Stadium parking lot qualifies under the “split exemption” statute, G.S. 105-278.4(c). The applicable statute, in pertinent part, is as follows:

§105-278.4. Real and personal property used for educational purposes. — (a) Buildings, the land they actually occupy, and additional land reasonably necessary for the convenient use of any such building shall be exempted from taxation if:(1) Owned by an educational institution ...;(b) Land (exclusive of improvements); and improvements other than buildings,…