79-420. Surface and mineral rights taxed separately, when; duties of register of deeds, county clerk and county appraiser. Whenever the fee to the surface of any tract, parcel or lot of land is in any person or persons, natural or artificial, and the right or title to any minerals therein is in another or in others, such mineral interest shall be listed and the market value, if any, determined separately from the fee of such land, in separate entries and descriptions. Such land and such mineral interest shall be separately taxed to the owners thereof respectively. In determining the market value, if any, of any such mineral interest, the appraiser shall consider every proper factor, including but not limited to, the size of the particular mineral interest, the fractional share of such interest and the number of fractional shares in existence for such interest. The register of deeds shall furnish to the county clerk where such mineral interest exists and are a matter of record, a certified description of all such interest. When such reserves or leases are not recorded within 90 days after execution, they shall become void if not listed for taxation.
History: L. 1911, ch. 316, § 20; R.S. 1923, 79-420; L. 1959, ch. 365, § 10; L. 1982, ch. 391, § 29; July 1.
Structure Kansas Statutes
Article 4 - Listing And Valuation Of Real Estate
79-401 How listed, valued and returned.
79-407 Same; appeal from action of county clerk; hearing by county commissioners.
79-408 Real estate assessment rolls maintained by county clerk; contents.
79-409 Same; survey of lot or tract, when.
79-412 Valuation of buildings and improvements; recording or filing lease agreement, requirements.
79-414 Lands entered after January 1.
79-421 Same; forfeiture of office upon failure.
79-422 Public utility property listed as real estate.
79-426 Joint ownership; payment of taxes by one owner; lien.
79-427 Apportionment of special tax or assessment on lot or tract in cities.
79-430 Listing and taxation of certain leased portions of real property.