{"data":{"id":"us-nc/n.c.-gen.-stat.-105-340","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 105-340","heading":"Certification of appraised valuations of railroad companies.","body":"(a)\tHaving determined the appraised valuation of the \"nondistributable\" system property of a railroad company, the Department of Revenue shall assign the valuations for taxation to the local taxing units in which such property is situated in the same manner as is provided for nonsystem property in G.S. 105-339.\n(b)\tHaving determined the appraised valuation of the \"distributable\" system property of a railroad company and having allocated the valuations in accordance with G.S. 105-338(b)(1), the Department of Revenue shall then certify the amounts of those allocations to the local taxing units to which such amounts are due in accordance with the provisions of G.S. 105-341.\n(c)\tEach local taxing unit receiving certified valuations in accordance with this section shall assess them at the figures certified and shall tax the assessed valuations at the rate of tax levied against other property subject to taxation therein. (1939, c. 310, s. 1620; 1971, c. 806, s. 1; 1973, c. 476, s. 193; c. 695, s. 19.)","path":["","SUBCHAPTER II. LISTING, APPRAISAL, AND ASSESSMENT OF PROPERTY AND COLLECTION OF TAXES ON PROPERTY.","Article 23. Public Service Companies."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_105/GS_105-340.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:15:52Z","sha256":"760e7f0a05a1ab0bb466812ce7b8c0e8ee9c52545bfd359efe58b110c14156d5","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-105-339.1","next":"us-nc/n.c.-gen.-stat.-105-341"},"notice":"GroundRules: Original legal text. Not legal advice."}