Stonewall officials learn reasons for millions lost in appraised values

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Stonewall Commissioners listen as Prichard and Abbott reps try to explain the million dollar drop in values for Stonewall County.

Doug Sahli with Prichard & Abbot Inc. — a property valuation firm out of Amarillo that works with the county appraisal district — explained to Stonewall County officials the almost $21 million drop in property values from the initial preliminary figures to those anticipated to be later this month.

Stonewall County Judge Ronnie Moorhead explained how the court has been in a quandary lately regarding the county budget, especially after the bottom seemed to have dropped out of the anticipated property values in the county. He explained that while the county typically anticipates some decrease, as last year the county saw about a $1.6 million drop in values compared to the $20.8 million drop in values expected this year.

Moorhead said the county started preparing the budget, anticipating a revenue increase from taxes based on preliminary values, “and then all of a sudden, we are looking at a $21 million reduction from what [county officials] were assuming.”

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