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GAS PRODUCTION LAW SUITS AGAINST WASHINGTON COUNTY
Posted By Frank Wagner On March 24, 2014 @ 6:22 am In News | Comments Disabled
Dilworth says there are four lawsuits challenging the valuations of gas processors. The lawsuits have been filed in the local district courts.
Gas processors in the county are valued at $11 million. Legislation passed last year has thrown doubt on how those compressors should be classified for taxation purposes. Petroleum companies says they should be considered special inventory, while appraisal districts have classified them as equipment.
Dilworth says this could mean a substantial difference in taxes.
He says if a compressor is considered equipment, its average value on a property rolls would be about $70,000.
The issue could eventually go before an Appeals Court at the state level, which might settle the question before any of the local cases go to trial.
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