Mineral rights tax question


#1

My wife sold her inherited mineral rights to a company doing business in Howard county about a year ago. But that company has failed to put the mineral rights taxes into their name and my wife is still receiving tax billing from Howard County on those mineral rights. Is there a time limit on how long it takes for them to transfer the taxes over into their name? If they fail to transfer the taxes into their name is there a possiblity of those mineral rights reverting back to the original owner?


#2

Tax authority should eventually pick up the deed. Would suggest sending it to the buyer and reminding them to get it changed. It won’t revert back, it may get foreclosed on if not paid.


#4

Crown Rock Minerals L P out of Midland.


#5

The purchaser may have filed the deed and so has clear title. Notifying the appraisal district regarding transfer of ownership for tax purposes is a separate step. If you pay the taxes, it preserves the purchaser’s title. Look at the deed records to see if the deed is recorded. Notify the appraisal district of the sale and tell it to send the tax bills to the purchaser / owner.