We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Valero Refinery Appraisal Was Unfair, Texas Justices Say

Law360, San Francisco (February 24, 2017, 3:55 PM EST) -- The Texas Supreme Court on Friday reversed and remanded a lower court’s decision in Valero Energy Corp.’s challenge to its Galveston County refinery’s $527 million appraisal, finding that once a district divides a property into multiple accounts for appraisal, an owner can lawfully appeal the valuation of some accounts and not the whole tract.

A trial jury had found that the appropriate appraisal value for the three parcels brought the total down to $337 million. The Galveston County Appraisal District appealed the decision, and in March 2015 the Fourteenth Court of Appeals said Valero couldn’t exclude pollution control equipment from its valuation...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!