Grand Prairie Independent School District v. Missouri Pacific Railroad

HOWELL, Justice.

This is an ad valorem taxation case. Grand Prairie Independent School District appeals from the trial court’s determination that Missouri Pacific Railroad Company’s property had a lower value than that set by the Board of Equalization for tax years 1979-1981. Finding no error, we affirm.

At the trial, both the district and the railroad brought expert testimony to support their respective theories of valuation. The trial court chose an intermediate value. *762The contentions of the parties and the trial court’s determination are summarized as follows:

Railroad District Trial Court

1979…