WV Counties Want a Solution to Botched NatGas Property Tax, ASAP

Last week, MDN told you about a “clerical error” by a third-party vendor in calculating the new formula for natural gas property tax valuations in West Virginia that caused newly producing natural gas wells to be undervalued, leading to the loss of millions of dollars for the counties that see the most shale drilling (see NatGas WV Property Tax Mistake a Hot Mess – Counties Out Millions). Tyler County received nearly $16 million less than it was due. Counties already operate on thin budgets. This was a real blow. Those counties that got short-changed want to know what the state is going to do to compensate them for the lost revenue.

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