Comerica Acceptance Corp. v. Dallas Central Appraisal District

OPINION

MOSELEY, Justice.

In this case, we are called on to define the term “owner” for purposes of determining liability for ad valorem taxes on personal property. We hold that a lien-holder who, on January 1 of any given year, is in possession of personal property collateral for purposes of selling it in foreclosure of its lien, is not by that reason liable as a matter of law for ad valorem taxes on the property. Thus, we reverse the summary judgment entered by the trial court against appellant, Comerica Acceptance Corp. (“Comerica”), in favor of appellees, the Dallas Central Appraisal…