Harrison v. . Guilford County

"WiNBORNE, J.

Tbe question bere is tbis: Does tbe property, wbicb is tbe subject of tbis controversy, come witbin tbe definition of real property wbicb is exempt from taxation under tbe statute in effect 1 January, 1940, Public Laws 1939, cb. 310, sec. 600 (3) ? Tbe effect of tbe ruling of tbe court below is tbat it does come witbin tbe meaning of tbe statute. Our opinion is accordant witb tbat view.

While in Article Y, section 3, of tbe Constitution of North Carolina, it is required tbat tbe power of taxation shall be exercised in a just and equitable manner, and shall not be surrendered,…