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

Business Valuation Update BVLaw
Legal and Court Case Update
August 28, 1998

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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

The Court of Appeals affirmed the Board of Assessment's valuation of oil-producing real property using the income approach.

See Also

Texaco Producing, Inc. v. County of Kern

Full Text of Court Cases
August 28, 1998

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