Restrain
Elite Member
- Joined
- Jan 22, 2002
- Professional Status
- Certified General Appraiser
- State
- Florida
For those of you following the oil and gas development in Texas, especially the Barnett Shale in the DFW area, you are aware of the windfall in tax revenue from all the new production.
Now, the taxing jurisdictions are starting to whine. With the wells come the pipelines to get the oil and gas to the central collection areas, as well as salt-water lines to put it back into the wells, etc. The effect is a spider-web of pipelines that cannot be built over. So, large acreage tracts no longer can be purchased and cut-up into subdivisions, limiting the amount of tax revenue that the jurisdictions can receive.
So, from a purely individual viewpoint, the property owners are telling the jurisdictions, "TOUGH". We don't care. We like the large open spaces and have no intentions of ever subdividing just to make the developers and tax collectors happy.
From an appraiser's viewpoint, this is something to take into consideration. A large vacant tract may be attractive from the surface for redevelopment, but the pipelines may so restrict the development as to making it only usable for a single homesite.
Now, the taxing jurisdictions are starting to whine. With the wells come the pipelines to get the oil and gas to the central collection areas, as well as salt-water lines to put it back into the wells, etc. The effect is a spider-web of pipelines that cannot be built over. So, large acreage tracts no longer can be purchased and cut-up into subdivisions, limiting the amount of tax revenue that the jurisdictions can receive.
So, from a purely individual viewpoint, the property owners are telling the jurisdictions, "TOUGH". We don't care. We like the large open spaces and have no intentions of ever subdividing just to make the developers and tax collectors happy.
From an appraiser's viewpoint, this is something to take into consideration. A large vacant tract may be attractive from the surface for redevelopment, but the pipelines may so restrict the development as to making it only usable for a single homesite.