The West Virginia Tax Department has decided they will not assess a property tax value to well pad sites for landowners. Officials were concerned that by assessing a value for a well pad site it would cause the landowner, who may not even own the mineral rights, to be classified in a higher tax bracket. This is good news for West Virginia landowners.
How the decision to not assess well pad sites was made:
The West Virginia Tax Department has decided they will not assess a property tax value to well pad sites for landowners. Officials were concerned that by assessing a value for a well pad site it would cause the landowner, who may not even own the mineral rights, to be classified in a higher tax bracket. This is good news for West Virginia landowners.