“The valuation of croplands is based on a five-year average,” explained McKibben. “This year, we lost 2002, which was a really, really bad year. In losing 2002, we also gained 2007, which was a very productive year for the producers. Because of that, the average has shifted enough that some farmland owners could actually see their valuations double in comparison to last year's numbers.

“These increases will not effect pasture land, however. Most pasture land is leased out, so the taxable value is based on the amount of the lease. So i don't expect to see a big change in those numbers, certainly nothing like the farmers and ag producers are going to see.”

With valuations for real property — things like land and buildings — set to be mailed out May 1, McKibben said the appraisal office's work is far from over.

“Real property is mailed out May first, but the mineral and industrial valuations won't be ready until sometime later in May,” said McKibben.

And while area agricultural producers could see a stiff increase in their taxable values, McKibben said property owners in the oil and mineral business will see a decrease in their numbers.

“The values in the minerals is closely tied to the cost of oil,” said McKibben. “It's based on a 12-month average, which in this case is Jan. 1, 2008, until December 2008. Also, the comptroller can issue a market condition factor, which will also effect those values.”

In the meantime, McKibben said property sales and values at the residential level are still looking up in the Crossroads area.

“We're still seeing some new construction at that level,” said McKibben. “Some areas in the district are still selling at incredible levels. We're looking at sending out approximately 20,000 notices for real property this year, so the market is still moving along.”

McKibben said area residents who fail to receive a tax valuation and believe they should need to contact his office once the May 1 mailings have had enough time to reach taxpayers.

“If you don't receive your tax valuation, just give us a call and we'll be happy to take a look at it for you,” said McKibben.