ANDREWS – Local taxing entities are perhaps bracing themselves for another decrease in taxable property values that will determine tax rates and revenue for the following budget year. The main culprit is the 2020 oil economy that hit all-time lows in April following a decrease in demand linked ot the virus pandemic. Governing entities faced a similar situation at the same time last year after the U.S. Energy Information Administration (EIA) released a lower figure – around $48 – from the previous year. This year’s figure is expected to be around $44. The EIA’s figure is the gauge that determines oil value for ...