Question for the experts.
If minerals are separated from the physical land parcel in Ohio - but the mineral owner does not establish a parcel or deed to separate their minerals from the landowner’s real estate for tax purposes - does the landowner have recourse or ability to reclaim the minerals?
As the property owner, I am responsible for payment of real estate tax based on the value of the parcel - including minerals - unless the mineral owner establishes a separate deed for their interest. Of course, the mineral owner is declining to do this as it would cost for deed preparation and they would owe taxes going forward.
It seems the mineral owner is getting a “free ride” at my expense. Is this correct, or are minerals treated like a right of way (ROW holder pays one time and any future property owner is obligated to protect the ROW agreement… of course the ROW adds no value for tax purposes).