Low natural gas prices again hurt East Texas property values

Low natural gas prices again hurt East Texas property values
KEVIN GREEN, LONGVIEW NEWS-JOURNAL
News
Wednesday, May 9, 2012 - 6:32am

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. 

Read the full story here.

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