Tax assessor thinks county could be getting stiffed millions
August 13, 2017
Hobbs, N.M. (AP) — Lea County Tax Assessor Sharla Kennedy wants everyone to pay their fair share of taxes — even oil and gas companies. A preliminary report for Lea County shows two-thirds of the drilling companies in the last 10 years have not reported new, taxable assets.
The Hobbs News-Sun reports (http://bit.ly/2if8HHP ) Kennedy brought to the county commission a reminder that a four-year audit being performed in Eddy County has already found more than $2 million in unpaid property taxes just in the first year.
Kennedy pointed out a physical audit of pipelines and other equipment in...