Mineral Taxes
How Mineral Rights Are Taxed in Tarrant County
Mineral interests in Tarrant County count as real property and are taxed just like land or a house.
If you own mineral rights under a producing gas well, the Tarrant Appraisal District will appraise that interest and tax it. The value is based on expected future income from the well. TAD uses a contractor — Pritchard & Abbott, Inc. — to help value oil and gas properties.
Minerals become taxable the January 1 after a well starts producing. Bills usually arrive in October. Mineral interests worth less than $500 per taxing unit are exempt. You can protest a mineral appraisal just like a home appraisal. Contact TAD to confirm what you own.
Source to confirm: Tarrant County Tax Office – Frequently Asked Questions: Minerals