Commercial Property Appraisal Issues Headed to TXSCT

Valero has a large refining facility in Galveston County. The Galveston County Appraisal District valued the facility at $1.05 Billion.

The valuation quickly headed to the courts. Here’s what happened:

• 2013 trial court sided with Valero that the property was inequitably appraised
• Spring of 2015,  14th Court of Appeals said probably some unequal value but let’s have the trial court look at it again.
• July 2015, Valero asks the TXSCT to determine whether the facility was equitably valued

San Antonio Business Journal