Certified values drop by more than 15 percent for the county

By BARBARA GREEN

The three incorporated cities in Montague County were the only entities to keep their property values above water for 2016 as the 11 others saw their certified values drop significantly due to falling mineral values.

The energy downturn began to show itself in 2015’s property values when Montague County values alone fell by 4.02 percent. Values driven upward five years prior by oil and gas production, were going the opposite direction as the industry slowed to almost a stop in 2016 where values have fallen more than 15 percent.

Kim Haralson, chief appraiser of the Montague County Tax Appraisal District said after the preliminary values and projections from the mineral appraisers the certified values came out about where they expected.

Read all about the certified property values in the weekend News and see the related chart for a multi-year comparison.