NEWS
Mineral value decline impacts property 2015 values
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.
The staff of Brazos Electric Cooperative will host a public meeting to share information and receive feedback on a proposed 138kV transmission line project in Montague County.
This meeting will be from 4-6 p.m. on July 27 in the H.J. Justin Building, 100 Clay, Nocona.
For those unable to attend, online information will be available until Aug. 10 at brazoselectric-alcorn-cappscorner.com
This come-and-go public meeting will provide information and seek input on the rebuild and upgrade of a 14-mile transmission line. The propoosed 138kV double-circuit transmission line will connect the existing Alcorn Substation on Salmon Road with the existing Capps Corner Substation on Farm-to-Market Road 1956 and FM 677. The proposed right-of-way width for the new transmission line is 70 feet.
Attendees will be able to make comments, ask questions and share concerns with Brazos representatives and technical specialists from Oaklight Environmental Consulting.
Those with questions on the meeting may call 512-817-0733 or email brazoselectric-alcorn-bulcher@oaklight.com.
The City of Bowie reports an EXTREME HEAT WARNING will be in effect from 8 p.m. tonight until 8 p.m. tomorrow night. Please be careful.
Hear Audio Alert:https://hrpow.us/RA3mBoC
BOIL WATER NOTICE for 500-700 W. Pecan St. remains active. Affected residents needing bottled water should call (940) 977-4941.
Hear Audio Alert:https://hrpow.us/odv2S3E
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