High property sales still driving values

Preliminary 2022 property values for Montague County show nearly a $1.1 billion increase in values above the 2021 certified values with the primary driver of high real estate sales.
Energy minerals saw a slight increase, but that can be attributed to the price per barrel of oil not increased production.
“We’ve had numerous properties sell, many times selling above the listing price,” said Kim Haralson, chief appraiser of the Montague County Tax Appraisal District. “We might value a brand new home and then sometimes just a few doors down one almost just like it may sell for $65,000 more. The land has gone up, cost of improvement has is up and the barrel price of oil has gone up.”
Property owners should be receiving their preliminary notices as the MCTAD sent out 21,900 plus another nearly 80,000 from Pritchard & Abbott for minerals.

Read the full story in the mid-week Bowie News.