| Summary |
Current law requires a county property tax assessor (assessor) to
send a notice of valuation of personal property to the operator of each
wellsite, or if there is no operator, to the owner who has filed a statutorily
required statement with the assessor.
The bill:
•
States that oil and gas fractional interest owners are not
entitled to separate valuation, notification, review, audit,
protest, abatement, or appeal procedures by the assessor;
and
•
Designates the operator of each wellsite, or if there is no
operator, the owner who filed the statement, as the
representative of all fractional interest owners and as the
exclusive point of contact for the assessor for all
notification, review, audit, protest, abatement, and appeal
procedures.
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