Reduced Assessments Likely for 500,000 Ohio Property Owners
Tags: Ohio, Utica Shale
Residents in the Muskingham Watershed Conservancy District are likely to see reduced property assessments as a result of recent shale leasing and water sales. The Muskingham Watershed Conservancy District stretches across eighteen Ohio counties and roughly 500,000 property owners pay a $12 annual assessment. The District has entered into significant lease agreements and water sales agreements in recent months resulting in signing bonuses of over $77 million. Officials from the district are meeting tomorrow about the possibility of reducing the annual assessment.