I paid taxes on the royalties that I received in Robertson county, Tx in 2014 for an
appraisal of the property for tax year 2013. I have received a new appraisal and a tax
notice that is approx. 14% lower than in 2013. However my royalties have decreased by
an estimated 43%. I filed for a reconsideration of the appraisal stating these figures but of course there will be no adjustment. This was done thru the Robertson County Appraisal
Review Board.
What I was essentially doing was protesting an excessive appraisal or market value. The
response was that the market value was not excessive and that it would stand as stated.
Questions have come up in previous discussions concerning how mineral rights are valued
when royalties are being received and when they are not being received. Until royalties have
been paid there cannot be a value assessment on the mineral rights. Therefore once a
property starts producing then a value may be determined. I think that in past discussions
the determined values were more arbitrary than anything else. Here is where I got my
reasoning for the protest.
Does anyone else have some input on this.
wrgordon