Missouri-Kansas-Texas Railroad v. City of Dallas

STOREY, Justice.

Missouri-Kansas-Texas Railroad Company, a common carrier, sued the City of Dallas, the Dallas Independent School District, the City of Dallas Board of Equalization and the City Assessor-Collector alleging that the method used by defendants to determine the fair market value of its operating properties was fundamentally erroneous. That value, appellant contends, must be determined by another method, whose use produces a figure lower than the city’s assessment, and therefore proves that the city violated the constitutional requirement that no property shall be assessed at a…