Sun Oil Co. v. Fisher

SMITH, Judge.

Again the task is to sort out a legislative purpose in conflicting statutes on the taxation and valuation of subsurface oil, gas, and mineral interests. The Supreme Court held earlier in this case1 that Section 193.-481(1)2 subjects “separated” oil, gas, and *414mineral interests — those carved out of the fee — to county ad valorem real property taxation. Now: notwithstanding that Section 211.133 forbids any increased assessment of land because “there may be oil or gas under the surface” and declares that appraisal of oil and gas in place is “impossible under known valuation…