Reeves County has sent out the 2025 well valuations. Be sure to review the values and DOI. You can get the details from CAGI website. Protests are due by mid-May - exact date will be on the notice.
Can anyone recommend a company that will Protest Reeves CAD appraisal on my behalf? Thanks in advance, AB
Anne, my family hired Alan Neal to do protests for us several times and we had good results each time. We actually now have him on retainer - he reviews our notices every year and protests any he believes are too high. The cost is reasonable.
H. Alan Neal H.A. Neal, Inc. Senior Property Tax Consultant
Thank you very much! ~Anne
My property is State Classified Lands. That means that the State gets half of all royalty and lease moneys and you cannot sell the minerals or surface separately. My property taxes are combined surface/minerals. My main complaint is the large increase in taxes since the County Tax Office hired the guy from Colorado to review their whole taxing system. Apparently they are still working on restructuring them.
Is there anyone out there who:
- owns minerals in Reeves County,
- has observed the entire saga of mineral valuation over the last say 10 years,
- and can write a couple of paragraphs (or even bullet points) providing a sense timing and events
as to exactly how all this unfolded over time. The multiple 3rd party appraisers, the lack of understanding and attention from the county, etc.
It would probably be best to start a new Topic titled something like Summary of Reeves County Mineral Taxing. Just a thought…
Producing minerals and surface are taxed separately. One bill for surface and one bill for all the wells based on royalty DOI. This is true for both mineral classified and fee ownership. Reeves County has been pretty aggressive about increasing surface values and that is done locally. Wells (producing minerals) are appraised by third parties in accordance with the Texas statutes, based on average oil and gas prices in prior calendar year, production decline curves and discounted future cash flow. One major factor is anticipated economic life of well (such as 35 years vs 7 years), and only the oil companies can get that reduced. Reeves uses Capitol Appraisal Group (cagi) and mineral owners can go on the cagi website to download the individual workpapers to review.
I had a good experience last year working with CAGI in a different county.