1 Company Reduced its Commercial Appraisal by 60% with 2 arguments.

The company: Sandy Creek coal-fired power plant

The County of appraisal: McLennan County

The Appraisal Disrict’s values:

• $900 million in 2014
• $1.17 billion in 2015

The Company’s 2 legal argument to reduce its appraisal by 60%: 

• A willing buyer would pay no more than $380 million for the plant in 2014 and $395 million in 2015
• Creating a recognition that power markets had slumped.

POWER | Texas Coal Plant Wins Tax Appraisal Case, Property Value Cut 60%