‘7S8
OFFICE OF THE ATTORNEY GENERAL OF TEXAS
AUSTIN
Boaorabl*I. Pr~dedd
CountyAuditar,Calreatonr:ountty
Calraeton,Texae
Deer stir
oplnlonFio.01a3eb
Est Texeblllty of
dated b%ay 13, 1940,
or thle hmrtmaat on oh0
faotor in arri
to ba placed o
that you had beetle
83, 1939,
fottltary
ty Attorney Of Bra-
eerrrlag the t aluo of tha
inat the lease owmr regsa-6
pajmrsnf
ml&h% be OutrCend-
759
the oll paywnt should equal tha fair market tmlue of~tb
full leaoehold astote, usually a V/8 working iaterast, w&n
aoneldered aa bea ire% and olear of any oil payx~nt.
It IS our opinion that tha o~inloa in the &uin-
tan% oam OOWWB YOU?? queetlbn,and that ar? outrtandm
oil paynmzt .shouldbe assaaaed againut the oil paysmat
bolder ror the r&m datermlmd by tha tax.assaaeor
under the statutes to be Ita, taxable value, end that tha
lease owner shmld be am@eSaed by tha tsx a8mmor ior
the +&MI of tha full leasehold eststo, which 18 usually
a 718 workinginterest less #e reltta d~terrfnra to bo
the taable valua oi t&e oil paptbnf or oil pay?Wtt#
payable out ol the leasehold latat6.
iieare snoloain~ lmrer-ilth
oopy or the opinion
ia the Quufntam Ga.116.
Tru#tln~ that this f5atlsfnotorilyanmwera
yciuzroqueat, we am
Yours reTy truly
ATrOmm (r;IEAFERBL
w 9!lims