Luminant Protesting Property Values in Cameron County TX- Will this happen with Comanche Peak?


 

Luminant Protesting Property Values in Cameron County TX- Will this happen with Comanche Peak?
 


25 June 2015 at 11:53:20 PM
salon

Cameron Herald

Luminant informed the ARB that they were protesting the appraisal of their electric generating plants, Sandow 4 and Sandow 5. They believe that instead of the $464 million of taxable value determined by the Milam Appraisal District, the two plants should be appraised at $125 million. In other words, Luminant is requesting the appraisal to be cut by 78 percent. Last year, the appraised value for the two plants was set at $432 million following a Luminant protest.

According to the appraiser hired by the Milam Appraisal District, it would cost over $2 billion to replace the two generating plants. Sandow 4 is 34 years old while Sandow 5 is five years old.

If Luminant is successful in their protest, the property tax base for Rockdale ISD and the county government could decrease by $307 million from last year which translates into a loss of $3.9 million in property-tax income for Rockdale ISD, and a loss of $2 million for the county government next year.

 

 

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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








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