How to make thngs more even

Hi

Here is a solution to help the people that own the land without minerals rights which should be enacted. First if you own the land and the mineral rights your school, county and local real estate tax bill stays the same, but 50% of each bill is divided up between the mineral rights owner and the surface owner.

If you own the land without the mineral rights your real estate tax bill is now reduced by 50% and the other 50% being paid by the owner of the mineral rights of you surface land. This really would only cost the people that own the mineral rights, and why not they have the power to change the surface but have been getting off tax free.

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Permalink Reply by bungalow_steve on June 30, 2014 at 7:51am

The reason minerals weren't tax from the beginning was supposed the minerals aren't producing or have no value?

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on June 30, 2014 at 8:42am

In WV the coal is taxed where it was left by God underground and may never be mined.

But wait, there's a multiplier that accounts for the fact that the coal may never be mined.

I don't believe the multiplier is zero as it should be.

Everyone in WV who lives above coal, please send us your fair share of taxes, and don't send us a check for nothing, even if it would be fair.

Permalink Reply by Dan on July 1, 2014 at 2:18am
Ron,
When I had property in WV, I'm pretty sure they taxed all my trees also. Not complaining about the overall real taxes I paid then. The rates seemed quite fair compared to PA & OH at the time. Are you still taxed on any trees standing?
Permalink Reply by Kathleen on July 1, 2014 at 9:41am
I have trees in ohio. My taxes are much lower on the land the trees stand. The state set the tax base at: per acre of trees taxed at/on $250.
Without trees I would be taxed in $4000 range per acre.
That's under 15 acres but above 10.
0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on June 30, 2014 at 8:32am

Don,

       Mineral Rights Only owners in WV pay Real Estate Taxes. I assume that's the case in PA, & OH.

Permalink Reply by Dexter Green on June 30, 2014 at 8:51am

Wait, why are we making things arbitrarily "even" again?

Permalink Reply by Finnbear on July 2, 2014 at 3:38am

Redistribution of wealth - have you forgotten who occupies the White House?

Permalink Reply by Dexter Green on July 2, 2014 at 3:39am

I didn't think he was very popular on this forum.  Turns out dumb misguided people are everywhere, even where you'd least expect them.

Permalink Reply by Finnbear on July 5, 2014 at 4:44pm

He's not at all popular here. Some people think like him but don't realize it.

Permalink Reply by Paul Martinelli on June 30, 2014 at 8:54am

once the minerals have been extracted.......would the tax then go down?

Permalink Reply by JK on June 30, 2014 at 9:03am

Minerals are not taxed in Maryland.

I found this out when we were notified about the Dormant Minerals Act being used by the surface owners to get our minerals.

We won that case.

Second - Paul M, Until it is known that the coal has been mined out will the taxes go down.

We were notified by the state of a tax increase on coal already mined out.

We won that case in WV. It was all a pain to deal with.

Permalink Reply by Jack Straw on June 30, 2014 at 9:03am

Minerals have no established value unless and until they are extracted.

At the time the minerals are extracted, the person who owns the mineral rights is duly compensated for those minerals extracted ..... and in PA, that person is expected to pay income taxes on the compensation (regardless of where that person resides).

If mineral rights are leased, and compensation is received, in PA, that person is expected to pay income taxes on the compensation (regardless of where that person resides).

No one with mineral rights is getting a free ride .... if these mineral rights ultimately result in some form of compensation, the State of Pennsylvania will have it's hand out; demanding to get their share ..... a portion of which WILL BE distributed to all Pennsylvanians in the form of various programs and services. Non mineral right owning Pennsylvanians ultimately get "their share" of any minerals produced.

JS

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