Reeves Co tax notice

Received today, $475k, which is considerably more than royalties received. Is it worth it to protest? Is this assessment based on potential or royalty actually received? Thank you for your help!

Hi Cindy, this recent post might be of help to you Texas Property Tax on Producing Wells & Minerals. In summary, it could be worth it to protest, but it depends on the situation.

If you mean the appraisal value assessment, the value is based on the present value of all potential future royalty (if you had sold your interest on Jan 1st, what would you get for the asset in a fair market deal).

Thank you, Tracy, for the link.

This topic was automatically closed after 90 days. New replies are no longer allowed.