Mineral Tax Division
The Mineral Tax Division has three teams:
a team to process oil and gas returns,
a team responsible for accounting, billing and collection for all taxpayers,
a team responsible for processing hard mineral returns, assessing mineral audits and performing reconciliations.
Did You Know …
Minerals are assessed at 100% of their fair market value.
the severance tax on surface coal is 7%, and the severance tax on oil & natural gas is 6% of fair market value.