Valero Property Tax Value Restored by Appellate Court

The 14th Court of Appeals sided with the Appraisal District to restore the value of a Valero refinery.

A jury had shaved off $190 Million from Valero’s appraised value, siding with Valero’s comparable value comparisions. 

The 14th Court of Appeals opinion states, “…the evidence is legally insufficient to support the jury’s equal and uniform valuation of Valero’s refinery,”

It’s a short term win for the appraisal district because the 14th Court of Appeals ordered a new trial. The issue of commerical appraisals will rage on at the Lege.  Southeast Record