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As petroleum royalties dwindle, questions target property assessments

from The Texas Tribune

An epic oilfield slowdown has done more than trigger layoffs and budget cuts in petroleum-dependent communities. It’s also eating into the “mailbox money” of royalty owners — monthly checks to account for oil and gas production on their property. If there’s any silver lining for those folks in these cloudy times, it’s this: Their property tax bills should also plummet. After all, lower oil prices make for less-valuable minerals. more

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