Why do I pay property tax on my royalty interest?

Texas taxes mineral and royalty interests as real property. Each year, the appraisal district estimates what your interest is worth based on expected future production and oil and gas prices, and you’re taxed on that estimate. If the assumptions are too high, you pay more than you should.

How do I know if my mineral value is too high?

Compare your appraised value with what your interest has actually paid over the past year or two. If the value seems high for what you receive, or production on your wells has dropped, a review is worth it. PTP can look at your notice and tell you whether a protest is likely to help.

What is the deadline to protest mineral property taxes in Texas?

In most Texas counties, the deadline is May 15 or 30 days after your notice of appraised value is mailed, whichever is later. Mineral notices are often mailed later than other property notices, so check each one. PTP tracks deadlines for every county where you own minerals.

Is it worth protesting a small royalty interest?

Often, yes, especially when you hold several interests across different counties. We’ll review your holdings first and tell you where a protest is likely to pay off, so you only pursue the ones worth it.

Mineral & Royalty Interest Property Tax

Royalty interests. Mineral rights. Overriding royalties. We make sure you’re taxed on what your minerals are actually worth.

In Texas, mineral and royalty owners pay property tax every year on value they’ve never seen in a bank account. Appraisal districts estimate that value from production forecasts and commodity prices, and when those assumptions run high, so does your tax bill. Whether you hold a few acres of royalty or a large mineral portfolio across multiple counties, PTP’s TDLR-licensed consultants review every valuation and protest the ones that don’t hold up.

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Our Services

Interests We Handle

Royalty Interests

Landowner royalties on producing oil and gas wells

Overriding Royalty Interests

ORRIs carved out of working interests and leases

Non-Producing Mineral Rights

Unleased and undeveloped minerals assessed on speculative value

Non-Participating Royalty Interests

NPRIs held separately from the mineral estate

Inherited & Family Mineral Holdings

Minerals held by families, estates and trusts, often across several counties

Mineral Portfolios

Multi-county holdings for investors, funds and mineral companies

Common Assessment Challenges

Valuations based on commodity prices that no longer reflect the current market

Production forecasts that ignore how quickly a well’s output declines

Owners who don’t receive or don’t understand their notice until the protest deadline has passed

Small interests spread across many counties, each with its own appraisal district and deadline

Owners who don’t know their interest can be protested at all

How PTP Helps

Well-by-Well Analysis

We review production history and decline curves for the wells behind your interest, not just the district’s averages.

Every County, One Point of Contact

We handle protests in every Texas county where you own minerals, with one team and one report.

Credentialed Experts

Our team includes IPT Certified Members (CMI) and TDLR-licensed senior consultants.

Independent Price Forecasts

We challenge valuations built on outdated or inflated oil and gas price assumptions.

Flexible Fee Structures

We offer fixed, contingent and hybrid fee options to fit the size of your holdings.

Thanks to PTP, we were able to reduce our mineral property value by $105 million — a single engagement that paid for years of consulting.

- Upstream Oil & Gas Operator, Texas

Frequently Asked Questions

Minerals and royalties

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Independent analysis of your property valuations to identify overassessments

Stay compliant with filing deadlines, exemptions, and reporting requirements.

Long-term planning to minimize property tax valuations across your portfolio

Strategic consulting for acquisitions, divestitures, and portfolio management

Expert representation through formal appeal processes to reduce your tax burden

Experienced guidance through property tax audits and examinations