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Muskingum Watershed sees Utica Shale revenue, considers dropping assessment
Could affect about a half million parcels of land from Akron to the Ohio River

Kabir Bhatia
In The Region:
Landowners in counties stretching from Medina and Summit south to Washington and Noble will find out tomorrow if they’ll see a drop next year in their property tax bills. WKSU’s Kabir Bhatia reports that the Muskingum Watershed Conservancy District is considering the cuts thanks to big returns from natural gas royalties. 
Muskingum Watershed sees Utica Shale revenue, considers dropping assessment

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The watershed’s board will consider whether the $12 assessment should be suspended – in whole or in part – on about a half-million parcels in 18 counties. That includes land in Summit, Stark, Wayne and Medina counties that drains into the Tuscarawas and Muskingum rivers.

The assessment was first levied in 2009. But now, the Muskingum Watershed is seeing increased revenue from Utica shale leases on its land, and for water it sells for hydraulic fracturing.

The district gets about $11 million a year from the assessments, and it’s gotten close to $78 million in signing bonuses for drilling leases. Royalties add another $3 million.

The district has leases for property at Clendening Lake, Leesville Lake and Seneca Lake, and is expected to vote on one Friday for Piedmont Lake.
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