County mineral values climbing

By Sonya Timpone

The Cuero Record

 

DeWitt County Commissioners Court met last week to review the latest appraised property values for this county as reported by DeWitt County Appraisal District. County Tax/Assessor Ashley Mraz presented the information which will be used to set tax rates for the new fiscal year.

The appraised values are used by all the taxing entities in this county to set tax rates for their new budget years. DeWitt County’s new budget year starts Oct. 1.

Mraz reported the totals for the new fiscal year shows values are up 62 percent over the current year. Total values for 2022-23 are $7.1 billion compared to $4.3 billion in 2021-22.

Of that total, mineral values (oil and gas) are estimated at $5.753 billion. Mineral values for 2020-21 totaled $3.2 billion.

A closer look at appraised values for the individual commissioner precincts include Precinct 1 at $2.3 billion, Precinct 2 at $822 million, Precinct 3 at $3.4 billion and Precinct 4 at $502 million.

Prior to this report, the county’s total property values had dropped for three consecutive years, primarily due to lower mineral values.

 

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