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Odessa American in Odessa, Texas

10 Apr 2016

Page 5

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Apr 10, 2016

Page

5

Odessa property tax rates face shift as values rise and fall

Odessa area governments brace for tighter budgets as property valuations drive tax bills. Officials warn homeowners could pay more even if values hold, while declines in commercial values threaten to shrink the ad valorem base. Officials from Ector County, ECISD and city budget staff outline projected impacts and timing for final appraisals.

MENTIONED IN THIS ARTICLE

Odessa Ector County Ector County Independent School District Ector County Hospital District Odessa College Campbell Texas A&m University Harold Hunt Odessa Board of Realtors Karr Ingham Amarillo Ingham Economist Childers ECISD Tom Crowe
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City faces budget shortfalls amid declining revenue

Worsening declines may force an amended budget drawing on multi million dollar reserves, though officials say it likely won’t. Short-term plans include freezing paid positions. officials warn projects could slow as sales tax drops press for cuts or higher property taxes. Bryant urges avoiding higher Odessan property taxes during the oil bust. Ruth Campbell contributed.

MENTIONED IN THIS ARTICLE

Ector County Precinct Dale Childers Childers Bryant Richard Morton Hildebrandt Odessan Ruth Campbell
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