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Minerals paid
How can I find out how much royalties were supposed to paid to us over the last 5 years? When I go to the Tarrant county appraisal it shows like 33,000 dollars that was paid and who was it paid to and who paid the taxes on all this, because this is the first year we have received seperate tax bills for the mineral and we have owned the property for almost 6 years, so know i wonder were all the rest of the money is or where it has gone.
Replies to This Discussion
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Permalink Reply by Dave Thompson on -
Go to "Mineral Help" above and choose "Royalty Calculator". It's a real rough number that doesn't account for severance taxes, etc, but you can deduct 10-15% from what you get in the calculator.
If you are at the appraisal district, you should be able to see who is owes taxes on the production. It's all public record.
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Permalink Reply by Virginia Pflum on -
Lori,
You can wite a letter to:
Railroad Commission of TX, Office of Public Assistance, P. O. Box 12967, Austin, TX 78711-2967.
Under section 91.504, Tx Natural Reosurces Code, the company has to reply with all information that you ask for. This letter will need to be sent certified. The Oil company has 60 days to reply. Things you need to ask are:
Itemized deductions, heating value of gas, # of the lease, well name, etc.
Then you can go to www.rrs.state.tx.us and try to figure out what is taking place. Lots of wells in Tarrant Co are shut in because of low gas prices.
What Tarrant Co county appraisal office is showing it total dollars. Then you have to take your % and divide with the amount of Acres you have. They don't have to sent a check for under $100. Did you get a division order?
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Permalink Reply by Cliff Williams on -
Right now is a great time to also put a buzz in the ears of those running for seats on the Texas Railroad Commission. I just spoke with two who are currently running and I find that when they are running for office they are very receptive to problems and ideas.
Cliff Williams
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Permalink Reply by Buddy Cotten on
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Dear Ms. Cervantez,
The appraisal district numbers have no relation to what you were paid. Your 1099's will tell you what you were paid, as will the check stubs that you saved and put in an old cigar box.
The burden of the County Appraisal District is to determine the value of the property as of December 31, of the current tax year, not a tax on what was paid. That is the job of the severance tax (on a local level) and the Federal Income Tax on a national level. Some states have an income tax.
The burden of the Tax Collector is to collect the property taxes appraised by the tax collector
Best,
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Cliff,
Any take on those running?
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Permalink Reply by Cliff Williams on
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I had a good conversation with one candidate named Roland Sledge. He is a long-time practicing oil and gas attorney who is running. I realized that I had not considered the backgrounds of the commission members before speaking with him. I began to think about the importance of having a wide range of specialists on the commission - attorneys, engineers, geology, and public policy people. It is fine to have these diverse backgrounds on staff but if the people who are voting on issues are heavily weighted in only one specific discipline it could result in poor RRC decisions. I was under the impression that the candidate forum I was attending was for legislative positions but there were judges running for diverse positions including the court of criminal appeals, RRC commissioners and people from the different presidential campaigns.
So, no, I don't have any particular RRC member other than Roland that I have met or could speak about.
How about you? Do you have any thoughts on the potential commissioners?
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