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ADDENDUM III 

 Page 2 of 1 



GENERAL 



Historically, Lincoln County has been tied to the mining 

 industry. As the values in precious metals fluctuated so also 

 did the population base. Increases and decreases in the 

 population directly effect the value of land through the law of 

 supply and demand. 



Virtually all of Lincoln County has experienced a decline in 

 property values over the past two years. On a county wide 

 average, land values have decreased approximately 11 percent from 

 1985 to the present. Land values have not kept pace with 

 inflation. These figures are alarming to County and City leaders 

 as well as the business sector. Through less dependence on 

 mining and the state government agencies that employ a large 

 number of people and an increased effort for economic 

 diversification, land values will have a basis to increase. An 

 increase in land values is a good indication of a strong economy. 



Figures were compiled by Gordon L Wadsworth , CFP, MRA, MFLA, a 

 certified appraiser. 



