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all producung minerals are classified as property therefore county appraisal district will place a value on each well and like any property like your business, home, or any property you tax on your decimal value of each well by all -- school, county, junior colleges, hospital, city, or who every can tax you. The apprasied value will change each year due to depletion. The only tax on the amount of production is severance tax by the State. Mineral that produce income is taxed and has been for years. Non-producing minerals are not taxed.
Has there been any determination about whether it is legal for San Augustine to levy this tax?
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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