You are correct that the oil extraction probably takes plenty when the mineral is used, but the land owner pays property taxes regardless of whether or not the land is being used. So, your second argument would mean that a land owner should also not pay taxes if the land is not being used. This is something that will likely never change, just my opinion.
On Oct 29, 9:25 am, Jeff Herman <[EMAIL PROTECTED]> wrote: > 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> _________________________________________________________________ > Want to read Hotmail messages in Outlook? The Wordsmiths show you > how.http://windowslive.com/connect/post/wedowindowslive.spaces.live.com-B... --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
