§ 105-271 – Official title.

105-271. Official title. This Subchapter may be cited as the Machinery Act. (1939, c. 310, s. 1; 1971, c. 806. s. 1.)

§ 105-272 – Purpose of Subchapter.

105-272. Purpose of Subchapter. The purpose of this Subchapter is to provide the machinery for the listing, appraisal, and assessment of property and the levy and collection of taxes on property by counties and municipalities. It is the intent of the General Assembly to make the provisions of this Subchapter uniformly applicable throughout the State, […]

§ 105-273 – Definitions.

105-273. Definitions. The following definitions apply in this Subchapter: (1) Abstract. – The document on which the property of a taxpayer is listed for ad valorem taxation and on which the appraised and assessed values of the property are recorded. (2) Appraisal. – The true value of property or the process by which true value […]