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HPWD approves reduced tax rateTexas The five-member High Plains Underground Water Conservation District No. 1 Board of Directors unanimously approved a reduced 2007 ad valorem tax rate of $.00794 per $100 property valuation for operation and maintenance of the district during their Sept. 11 meeting. This lower rate is $.00036 less than the 2006 adopted tax rate of $.0083 per $100 valuation. At the 2007 rate, persons with $100,000 in property valuation would pay $7.94 in taxes to the underground water conservation district. At their August meeting, board members said it would be appropriate to reduce the 2007 ad valorem tax rate since property appraisal values have increased throughout the district. "After reviewing the budget needs and the district's current financial status, the board members voted to adopt the proposed tax rate that equals the current effective tax rate," said Manager Jim Conkwright. "We're glad that we can reduce the 2007 tax rate without having to cut back on district programs and activities that benefit area residents," said Board President Robert Meyer of Canyon. In other business, District Directors approved an agreement for the assessment and collection of taxes between the district and the Lamb County Appraisal District, selected an auditing firm for the year ending Dec. 31, selected an appraiser to determine dry land and irrigated land values for use in the district's cost-in-water income tax depletion allowance program for the 2007 tax year, and authorized the manager to submit a request to the Texas Water Development Board asking that the portions of the High Plains Underground Water Conservation District No. 1 currently included in Groundwater Management Area # 1 (portions of Armstrong, Potter, and Randall Counties) be transferred to Groundwater Management Area # 2. Created in September 1951, the High Plains Underground Water Conservation District No. 1 provides for the conservation, preservation, and protection of groundwater stored in the Ogallala aquifer within its 15-county service area. Additional information about the district's programs and activities is available on-line at www.hpwd.com Date: 10/4/07
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