# Mineral value in 1993

**URL:** https://www.mineralrightsforum.com/t/mineral-value-in-1993/26222
**Category:** Grady County, OK
**Created:** [December 15, 2017, 7:41am UTC](https://www.mineralrightsforum.com/t/mineral-value-in-1993/26222 "2017-12-15T07:41:38Z")
**Posts on this page:** 5
**Page:** 1

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### Author: ![Alex\_Miller](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/alex_miller/32/164_2.png) [@Alex\_Miller](https://www.mineralrightsforum.com/u/Alex_Miller)
#### Post date: [December 15, 2017, 7:41am UTC](https://www.mineralrightsforum.com/t/mineral-value-in-1993/26222/1 "2017-12-15T07:41:38Z")

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27-10N-5W I inherited these 33 acres in 1993 from my mother. I need to get a mineral value at the time for tax purposes. Can anyone help me?. Alex

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### Author: ![John\_Morgan2](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/john_morgan2/32/12162_2.png) [@John\_Morgan2](https://www.mineralrightsforum.com/u/John_Morgan2)
#### Post date: [December 15, 2017, 9:10pm UTC](https://www.mineralrightsforum.com/t/mineral-value-in-1993/26222/2 "2017-12-15T21:10:31Z")

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Alex, someone will know for sure.

I have never heard of a mineral tax as long as nothing is being produced or taken out, natural gas or oil. Until that happens, what is there to tax?

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### Author: ![Larry\_Dale\_Smith](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/l/e480ec/32.png) [@Larry\_Dale\_Smith](https://www.mineralrightsforum.com/u/Larry_Dale_Smith)
#### Post date: [December 16, 2017, 2:41am UTC](https://www.mineralrightsforum.com/t/mineral-value-in-1993/26222/3 "2017-12-16T02:41:06Z")

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If you probated your mother’s estate, the value should have been stated on the estate inventory. Check with the lawyer you worked with.

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [December 16, 2017, 7:56pm UTC](https://www.mineralrightsforum.com/t/mineral-value-in-1993/26222/4 "2017-12-16T19:56:10Z")

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Depending upon the state, the minerals may or may not have taxable value. In Oklahoma they do have value even if non-producing. They should have a value on the probate documents. If not, then there are some rules of thumb to follow. If you do not document anything, the IRS will assume a value of zero and will tax all capital gains if you sell.

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### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:12pm UTC](https://www.mineralrightsforum.com/t/mineral-value-in-1993/26222/5 "2025-01-11T18:12:20Z")

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