The value of property in Allen County has fallen 3-percent in the past year, according to figures given the county commission this week. As in Neosho county, where officials learned of the valuation drop last Friday, the biggest hit in values in Allen county came in the oil and gas field. Values of those properties were down over 4-million dollars. Most other values increased, offsetting part of the loss and creating a net loss of 2.75-million dollars. The lower valuation means about 3-percent less property tax money will be flowing into the county budget next year.
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