Yes but the mineral owner pays through the nose for oil extration taxes when
the mineral is used!!! If the mineral is not being used why should they pay a
tax?> Date: Wed, 29 Oct 2008 07:03:49 -0700> Subject: Re: Termination of
Mineral Interest> From: [EMAIL PROTECTED]> To:
[email protected]> > > 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> _________________________________________________________________
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