Property values expected to rise slightly
by Jason Collins
May 18, 2014 | 297 views | 0 0 comments | 56 56 recommendations | email to a friend | print
BEEVILLE – It doesn’t appear as though the overall property value of the county will go up much more than a few percentage points this year.

Domingo Palomo, chief appraiser, said that in comparison to the neighboring counties, the Eagle Ford Shale is having minimal impact on property values here.

“Most of the drilling is not being done in this area,” he said. “We just don’t have the boom the other counties do.”

He cannot say yet just how much money will come in because of mineral values. That number will come later.

His estimate is for the county as a whole as each year, about a third of it is reappraised.

“Some areas are going to have more value than others,” he said.

The north end of the county could see higher appraisals than, say, the west or east because of the drilling.

Pawnee and Pettus, he said, are the primary areas of the county where drilling is occurring.

What is interesting is the amount of property changing hands in Beeville last year.

“We had 1,000 deed transfers,” he said. “That is about 76-80 a month.

“Another words, people are buying and selling property.

“To me, that is quite a bit of transferring of property.”

Sales were about the same the year before, he added.

That, he said, is a sign of the health and actual stability of the economy.

Last year, county residents were treated to a lower tax rate from the year before because of a slight increase in property values. This didn’t mean that everyone paid less in taxes, but there was the chance that those who saw minimal to no increase could have had lower bills.

The same could be true again this year—depending upon the final appraised and mineral values.

Jason Collins is the editor at the Bee-Picayune and can be reached at 358-2550, ext. 121, or at
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