Oil and Gas Valuation
Oil and Gas Personal Property and Production is valued every year. Oil and Gas Declarations are mailed to Oil and Gas companies in January. Declarations will include a listing of all previously reported personal property. It is the company's responsibility to add any personal property put into service January 1 of the previous year and delete any property no longer in service. Production must also be reported on the form. All declarations are due in the Assessor's Office no later than April 15th. Filing after the April 15th deadline or failing to file a declaration will result in penalties up to $3,000.
To download copies of blank declarations, click here.