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Preliminary property values drop by nearly 50%

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By BARBARA GREEN

Predictions of nearly a 50 percent decline in mineral values for 2016 appear to be coming true as the preliminary figures for Montague County alone dropped by 46.84 percent.

The Montague County Tax Appraisal District released preliminary values on Monday with only three of the 14 tax entities in the county showing any increase in values.

Back in March, North Texas tax appraisers were told by the mineral valuation experts to expect a hit due to the downturn in the energy industry as well as the price of oil.

Kim Haralson, chief appraiser for the Montague County Tax Appraisal District, said the price of oil per barrel has a big impact; however, the county also has lost a great deal of property in oil and gas related businesses as they closed or left the county. Read the full story on the preliminary values 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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