Sec. 15. If any oil, gas, stone, coal, or other mineral is obtained from land which is classified as native forest land, a forest plantation, or wildlands, the parcel shall immediately be assessed for the oil, gas, stone, coal, or other mineral wealth. The assessed value of the mineral wealth shall then be placed on the tax duplicate.
[Pre-1975 Property Tax Recodification Citation: 6-8-2-14.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.66-2006, SEC.15.
Structure Indiana Code
Chapter 6. Assessment of Certain Forest Lands
6-1.1-6-3.5. Restrictions on Use of Classified Land
6-1.1-6-4. Nontimber Producing Trees
6-1.1-6-5. Size Restrictions of Classified Land Parcel
6-1.1-6-5.5. Revised Application With State Forester
6-1.1-6-6. Classification Not Permitted if Building Is on Parcel
6-1.1-6-7. Classification Not Permitted if Grazing on Parcel
6-1.1-6-11. Applications for Classification; Signatures
6-1.1-6-12. Approval of Applications
6-1.1-6-13. Recording Approved Application
6-1.1-6-14. Rate of Assessment; Adjustment
6-1.1-6-15. Minerals on Land; Assessment
6-1.1-6-16. Timber and Wildlife Management Standards
6-1.1-6-18. Signs; Posting on Land
6-1.1-6-19. Inspection of Land; Records; Use of Geographic Information System
6-1.1-6-20. Withdrawal of Land From Classification; Revised Application for Remaining Eligible Land
6-1.1-6-21. Withdrawal From Classification by State; Assessment of Land
6-1.1-6-23. Withdrawal of Classification; Notice to County Official
6-1.1-6-24. Tax Payments and Penalties Upon Withdrawal; Lien on Land; Distribution of Revenue