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Texas has some of the highest property tax rates in the country, which in turn has held down real estate prices & made price shifts across the state more tame than in other states like California which have had repeated booms & busts. From 1984 to 1992 homeownership across the state fell from 62.5% to 58.3%.
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The formation is like a layered cake with several hydrocarbon producing zones stacked on top of one another including the. production has sparked an economic boom in West Texas. Unemployment in.
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