Texaco Producing, Inc. v. County of Kern

BVLaw
Full Text of Court Cases
August 28, 1998
1381 Drilling Oil and Gas Wells
213111 Drilling Oil and Gas Wells
state taxation (incl. ad valorem)
income approach

Texaco Producing, Inc. v. County of Kern
66 Cal. App. 4th 1029,1998 Cal. App. LEXIS 796
US
State Court
California
Court of Appeals
Robert Campbell-Taylor Harold Bertholf (for appellee) Richard Miller (for appellant)
Levy

Summary

At issue is the valuation methods used by the the Kern County Assessor to value Texaco's oil producing property.

See Also

Oil Property Valued Using Income Approach Rejected when CAPM Is Used to Calculate the Capitalization Rate

The Court of Appeals affirmed the board of assessments valuation of oil producing real property using the income approach. The board of assessment concluded that the market approach should be used as a checking mechanism in this situation. It also deter ...