Destec Properties Ltd. Partnership v. Freestone Central Appraisal District

OPINION

VANCE, Justice.

This ad valorem tax appeal presents two issues: whether the trial judge followed the “law of the case,” and whether the tax code allows an overriding royalty interest to be valued as an “income stream.”

Four parties make up the list of players:

• Destec Properties, L.P. (Destec), the appellant, owner of an overriding royalty interest in certain acreage in Freestone County;

• the Freestone County Central Appraisal District (District), an appellee, a governmental body created by the tax code with the responsibility of de*603termining the taxability and valuation of property in…