CIT Leasing Corporation v. Tarrant Appraisal Review Board and Tarrant Appraisal District

COURT OF APPEALS

SECOND DISTRICT OF TEXAS

FORT WORTH

NO. 2-02-294-CV

CIT LEASING CORPORATION APPELLANT

V

TARRANT APPRAISAL REVIEW BOARD APPELLEES

AND TARRANT APPRAISAL DISTRICT

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FROM THE 342

ND DISTRICT COURT OF TARRANT COUNTY

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MEMORANDUM OPINION(1)

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This case involves the valuation of a business aircraft used in interstate commerce for the purpose of determining ad valorem taxes. Appellant CIT Leasing Corp. ("CIT") seeks a refund from Appellees Tarrant Appraisal Review Board ("TARB") and Tarrant Appraisal District ("TAD") arguing that the value of the business aircraft…