In re Jones (99-53172)

Though 11 U.S.C. ยง 502(b)(3) limits the amount of an ad valorem tax claimant's claim to the value of the estate's interest in the property against which the ad valorem tax was assessed, Trustee may not use Section 502(b)(3) to avoid the tax claimant's security interest created by a tax lien perfected more than 90 days prior to Debtor's petition.

Monday, July 17, 2000