Texas E. Transm. Corp. v. Tracy

[This decision has been published in Ohio Official Reports at 78 Ohio St.3d 83.] TEXAS EASTERN TRANSMISSION CORPORATION, APPELLEE, v. TRACY, TAX COMMR., APPELLANT. PANHANDLE EASTERN PIPELINE COMPANY, APPELLEE, v. TRACY, TAX COMMR., APPELLANT. [Cite as Texas E. Transm. Corp. v. Tracy,

1997-Ohio-233.] Taxation—Personal property valuation—Public utilities—Natural-gas pipeline companies can use a unit-appraisal approach to determine the true value of their taxable personal property absent special or unusual circumstances. (Nos. 95-1514 and 95-1515—Submitted October 15, 1996—Decided March 26,…