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Low natural gas prices again hurt East Texas property values

Low natural gas prices again hurt East Texas property values
Friday, May 11, 2012 - 1:47pm

Gregg County property values are continuing to decline, according to estimates released Tuesday by the Gregg County Appraisal District.

The 4 percent drop in estimated values follows a 3 percent decline this past year — largely accountable both years to falling natural gas prices, said Chief Appraiser Tom Hays.

If the estimates hold, local taxing entities could have to increase tax rates to maintain revenues.

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