HARRIS CTY. APPRAISAL DIST. v. TEXAS NAT. BANK OF BAYTOWN

No. 01-88-00837-CV.

775 S.W.2d 66 (1989)

HARRIS COUNTY APPRAISAL DISTRICT, et al., Appellants, v. TEXAS NATIONAL BANK OF BAYTOWN, et al., Appellees.

Court of Appeals of Texas, Houston (1st Dist.).

July 27, 1989.


Attorney(s) appearing for the Case

Randall B. Strong, City Atty., Jon C. Pfennig, Reed, Strickland & Gillett, Baytown, Kenneth Wall, Olson & Olson, Houston, for appellants.

Peter J. O'Loughlin, Houston, for appellees.

Before EVANS, C.J., and DUGGAN and O'CONNOR, JJ.


O'CONNOR, Justice.

Texas National Bank of Baytown filed this suit against various taxing authorities, appealing a finding of the Harris County Appraisal Review Board. A tax was assessed against bank shares under Tex.Tax Code Ann. sec. 11.02(b) (Vernon 1982).1 The Bank objected to the appraised value of the shares because it included federal obligations that are exempt from taxation by the State. Following a verdict by a jury, the trial...

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