DALLAS -- Property values in major Texas counties have begun to rebound or stabilize in the past year for the first time since the mid-1980s when the oil crisis devastated the state's economy, Standard & Poor's Corp. said this week.

In the Monday issue of CreditWeek Municipal, the rating agency also said it expects the modest tax base increases will continue because the state is experiencing economic growth and diversification, more construction, and the use of previously vacant and bankrupt properties.

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