Indiana Statutes
§ 6-1.1-4-12.4 — "Oil or gas interest"; assessment
Indiana § 6-1.1-4-12.4
This text of Indiana § 6-1.1-4-12.4 ("Oil or gas interest"; assessment) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 6-1.1-4-12.4 (2026).
Text
4.
(a)For purposes of this section, the term
"oil or gas interest" includes but is not limited to:
(1)royalties;
(2)overriding royalties;
(3)mineral rights; or
(4)working interest;
in any oil or gas located on or beneath the surface of land which lies
within this state.
(b)Oil or gas interest is subject to assessment and taxation as real
property. Notwithstanding section 4.2 of this chapter, each oil or gas
interest shall be assessed annually by the assessor of the township in
which the oil or gas is located, or the county assessor if there is no
township assessor for the township. The township or county assessor
shall assess the oil or gas interest to the person who owns or operates
the interest.
(c)A piece of equipment is an appurtenance to land if it is incident
to and necessary
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Related
Groome v. Donlin Corp.
908 N.E.2d 330 (Indiana Court of Appeals, 2009)
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-4-12.4, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-4-12.4.