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Mineral value decline impacts property 2015 values

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The slowdown in the energy industry has struck home in Montague County as certified property values, influenced by dropping mineral values, fell for 11 of the 14 taxing entities in the county.

Kim Haralson, chief appraiser for the Montague County Tax Appraisal District, said just as minerals have driven values upward each year during the last five years, their decline is having just as big of an impact. She considers it the biggest factor in determining this year’s values.

For 2015, the price per barrel of oil used to determine mineral values was set at $50 a barrel. The price had not been below $92 since 2011 when the price was $78.35.

Montague County had an overall decline of 4.02 percent for 2015, its first decline in values since 1997. See all the values and read the full story in the mid-week News.

 

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Montague County Grand Jury issues November indicted cases

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The following indictments were filed with the 97th District Clerk following the November session of the Montague County Grand Jury.
There were a total of 13 indictments with one sealed awaiting the arrest of a suspect.
A grand jury indictment is not evidence of guilt. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

Read the full list of indictments in your mid-week Bowie News.

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New transformer arrives at Bowie substation

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The new transformer was placed on its pad when it arrived at the City of Bowie electrical substation last Friday. Installation of this 20 Mva transformer, which is larger than the two 1992 original 12.5 units, will begin this week and come on line early in the new year. (Courtesy photos)
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Holiday shopping guide can help you plan

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Ready, set, shop! Inside your mid-week Bowie News find the annual holiday shopping guide to help you plan all your Black Friday and other shopping opportunities.

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