Untitled Texas Attorney General Opinion

i RNEY GENERAL 0~ TEXAS Honorable James W. Swarts County Attorney Culberson County Van Horn, Texas Opinion NO. O-6097 Re: Taxation of undeveloped oil and gas leasehold &states, and related questions. Dear Sir: We have received your recent letter requesting our opinion relative to the above captioned subject matter, Said letter is self explanatory and reads as follows: “I woul’dlike your opinion on the following propositions. “This county has a considerable land under lease for oil and gss and other mineral. “Some of this presumptlve 011 gas and mineral has been sold outrlght or at least In part. “1. Is the oil and gas lease, undeveloped, subject to taxation? If 80 at what valuation? “2. Is ,the mineral, 011 and gas which has been purohased outright, subject to taxation and if so at what value? “It would seem that a straight oil, gas or mlneral lease might not be considered property and subject to taxation while an out-right purchase of the mineral would be a title in realestate. The former being only a right to prospect. “3. If either or both classes are subject Hon. James W. Swarts, Page 2 (No.O-6097) to taxation, then might the state sel,lthe same for delinquent taxes under the law providing for sale of land for delinquent taxes? "This is a matter which might ln- volve the collection of considerable money for county and state not only here but in other counties. "I would appreciate your opinion in this matter and citation of any authorities bear- ing on the question." The following two Articles pertain to the ques- tions Involved herein. Article 7145, V.A.C.S.: "All property, real, personal or mixed, except such as may be hereinafter expressly exempt, Is subject to taxation, and the same shall be rendered and listed as herein prescribed." Article 7146, V.A.C.S.: "Real property, for the purpose of taxation, shall be construed to Include the land itself, whether laid out in town lots or otherwise, and all buildings, structures and Improvements, or other fixtures of whatsoever kind thereon, and all rights and privileges belonging or in any wise appertaining thereto, and all mines, minerals, quarries and fossils in and under the same." It is now firmly established in Texas that oil and gas leases are realty and subject to taxation as such. See Texas Company v. Dougherty, 176 S.W. 717~ Stephens County v. Mid-Kansas Oi1 and Gas Company, 254 S.W. 290; State v. Down- man 134 S.W. 787; Phllllp~s Petroleum Co. v. Townsend, 63 Fed. (2dj 293; Prince Bros. Drilling Co. v. Fuhrman Petroleum Corp. 150,S.W. (2d) 314. The above cases hold that no distinction can be made as to the form of the lease and that an interest in land is created, whether the lessor granted, bargained, sold, or con- veyed the oil and gas to the lessee, or if the lessor let and leased the premises with the authority to operate for and Hon. James W. Swarts, Page 3 (No-O-6097) procure oil and gas. It follows therefore that since an oil and gas lease Is effective as conferring upon the lessee an interest in the land, the value thereof Is assessable against him for taxation. However, until there has been a severance of the mineral estate from the remainder of the land, the tax iB aBBeSSable against the owner of the land, as the rendition of the land carries with it the full value of the land. It is also settled beyond controversy that a mineral interest in land, as well as the lessor's estate or Interest, generally referred to as royalty, Is taxable as real estate. See Sheffield v. Hogg, 77 S.W. (2d) 1021. Mineral properties, whether same be a leasehold estate, royalty Interest, or a mineral estate are to be valued at such price as they would bring at a fair, voluntary sale for cash. The value defined in the constitntlon and statutes is the reasonable cash market value. Such profierty,when rendered, shall be valued as of January 1st the same as other real property. It follows, as a matter of course, that inasmuch as such mineral interests are in fact realty, that the State could bring a foreclosure suit for delinquent taxes thereon and sell the same as provided by our statutes in reference to real estate. Trusting that the above fully answers your questions, we are Yours very truly ATTORNEY GENERAL OF TEXAS Bys/ W. V. Geppert W. V. Geppert; Assistant APPROVED Jul 13, 1944 W.P. Blackburn Acting Attorney General of Texas Approved Opinion Committee by BWB, Chairman WVG:fo"bt