Taxable values drop $700 million

By Glenn Rea

The Cuero Record

Whether it is a result of low oil prices or flat economy, the latest total appraised values show 16 of 20 taxing entities in DeWitt County have lower total values than last year.

DeWitt County Appraisal District released its 2017 market and net taxable values last week. These values are used to determine tax revenues and tax rates the taxing entities will have for their new budgets.

As it has been for the past three years, Eagle Ford Sale continues to have a dominate effect on total appraised values.

However, this year the drop in appraised values has slowed compared to the previous reports.

The new numbers show the net taxable value for DeWitt County is $4,174,098,826 for 2017. That compares to $4,888,695,040 for 2016. The difference in the two years is $714.5 million.

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