Wednesday, June 4, 2008

Tax Questions & Answers

Question: If a gas company places a well on your property, will your property taxes go up?

Answer: (Per the Tioga County Tax Assessor) "If a gas company places a well on your property, then a separate tax map number would be issued for the well and the gas company will be responsible for all tax increases associated with the well. If you look at the property records for the Town of Owego, you will see that any wells that have been built are assigned their own tax map number and the tax bills associated with that number go to the gas company. The only way that I can think of that would change this is if the gas company puts a clause in the lease that somehow makes the landowner responsible for the taxes on any structure that is built for gas drilling. But why would anyone go for that? "
Comment: The Apalachin Landowners Group will ensure that the lease we all end up signing does not contain this kind of clause.



Question: If a person signs a lease and gets so many dollars per acre, would that personʼs assessment (property) be raised.

Answer: "Please be assured that this is NOT the case (per the Tioga CountyDirector of Real Property Services)......assessments are not raised on properties that sign leases."

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