ExxonMobil drops suit protesting county’s $1.04B valuation

Harris County A district court judge in September approved ExxonMobil’s request to dismiss its 2015 lawsuit against the Harris County Appraisal District, protesting the county’s $1.04 billion appraisal of the company’s 385-acre Spring campus.


In court documents filed with Harris County District Court, ExxonMobil claimed the county had placed too high an assessment on the property.


“The district assesses property value annually, and we would prefer to resolve these issues directly and avoid legal action that could extend the time for resolution,” ExxonMobil spokesperson Margaret Ross said.ExxonMobil drops suit protesting county’s $1.04B valuation


Palmetto Transoceanic, the legal entity formed by ExxonMobil to develop the campus, filed the original complaint against HCAD in September 2015.


A Notice of Nonsuit, or request for dismissal, was granted by 190th District Court Judge Patricia Kerrigan on Sept. 1, the day Palmetto was required by the court to produce documentation on construction and other costs.


HCAD is required by law to appraise all property at its full market value, HCAD Chief Communication Officer Jack Barnett said.


“The state tax code gives all property owners the right to disagree and protest the market value if the property owner does not think that value is correct,” Barnett said.


The complaint against HCAD alleged that the $1.04 billion appraisal was high in comparison with similar property in the appraisal district. The property value was assessed at $1.13 billion in 2016, according to HCAD records.

By Vanessa Holt
A resident of the Houston area since 2011, Vanessa began working in community journalism in her home state of New Jersey in 1996. She joined Community Impact Newspaper in 2016 as a reporter for the Spring/Klein edition and became editor of that paper in March 2017 and editor of The Woodlands edition in January 2019.