Maloney wants agencies to know costs of lawsuit

  A district court trial hearing will be Oct. 19 on the Tres Palacios natural gas storage lawsuit against the Matagorda Central Appraisal District over a $390 million appraisal.  
   “The disputed taxes for all years that are in jeopardy are just under $20 million,” for the seven taxing entities that tax Tres Palacios, said MCAD Chief Appraiser Vince Maloney. 
   MCAD had a reduction in value in the lawsuit over the facility’s 2011 tax valuations but not as low as Tres Palacios wanted and Maloney said the district’s single lawyer was overwhelmed by the time it took working on the case. 
   This month’s hearing in Judge Ben Hardin’s 23rd District Court will be on 2012 and 2013 valuations – a consolidation Tres Palacios made earlier this year. 
   MCAD contends its appraisal of Tres Palacios properties at just under $400 million is more than in line with the $722.5 million price the operation’s owners paid for the property in 2010. 
   Tres Palacios counters its valuation should be between $50-90 million and has paid only the portion of 2013 and 2014 taxes the company declares as, “not in dispute.” 
   For Tidehaven ISD, more than $13 million in tax revenue from Tres Palacios is in dispute. 

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