The unfair part is that mineral owners do not have to pay any property taxes. The minerals are owned and therefore property, so they should have to bear a percentage of the property taxes. They should have a base percentage like 10% and another percentage based on the income earned from the property. If the mineral owners payed a percentage of the property taxes every year, they would never be in danger of loosing them unless they did not pay the taxes.
On Oct 28, 7:44 pm, Hoof Picker <[EMAIL PROTECTED]> wrote: > Does anybody know if surface owners have been successful in gaining > ownership of minerals under North Dakota 38-18.1 NDCC. As I > understand, this law gives surface land owners in North Dakota the > right to claim ownership of minerals on any inactive (unleased) parcel > where they are the owner of the surface. This seems highly unfair as > many of the minerals in Western North Dakota have been in active since > the late 70's or early 80's and naturally they were not under lease > until the recent spike in oil prices and good results in the BAKKEN, > and thus have been inactive for more than 20 years. This law seems > like it is very unfair to mineral owneres and needs to be recinded. > The law can be viewed at: > > http://www.legis.nd.gov/cencode/t38c181.pdf. > > Please let me know your thoughts --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
