E. CO, exactly half way between NE and OK | Fellers Ranch - 3/12/2024 04:51
If you mean property taxes, wouldn't they be paid by the owner of the surface rights?
If you mean income taxes . . . I don't believe anything was ever paid out over all of those years. If it was -- and if taxes were not paid -- it would have been my grandfather that owed the taxes, and he's been dead for 25 years or so.
I mean the taxes on the minerals. If the land owner owns the minerals, the taxes are paid on the minerals when he pays the taxes on the land. If the mineral owner doesn't own the land and don't pay the taxes on the minerals, he'll lose the minerals. They will go up for sale for the taxes. The same for the land, if you don't pay the taxes on the land, they will go up for sale for the taxes. I think three years not paying the taxes and they are gone. That is why the land owner has the first right to buy the taxes on the minerals that have been severed, but he doesn't have to. |
Mineral rights in Williams and Divide County ND
