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ANDREWS – The commissioners court learned Tuesday that the county’s taxable property value could potentially take a significant hit next year due to a projected mineral value downturn. It could mean an increased tax rate as well to reach the effective rate of this year’s ad valorem taxes, according to county officials. Kenneth Hitt of Capital Appraisal Group provided some very early possibilities with the county’s mineral values during the commissioners court’s Tuesday workshop to discuss pay scales. Hitt informed county officials a worst-case scenario is a projected 20 percent decrease in mineral values for the upcoming budget year. Considering mineral values account ...

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Lamesa Press-Reporter

P.O. Box 710
Lamesa, TX 79331