Current value per mineral acre of mineral acres in Noble County, OK.
I need to know the current market value per mineral acre of mineral acres in Section 34, T22N, R2W, Noble County, OK. I need a dollar amount the IRS will accept as accurate. Can anyone provide me with that figure or tell me how I can get it?
A general rule of thumb for valuing producing minerals is 4-6 times the previous years net revenue.
This is not tax or legal advice. You should consult with an attorney and or CPA.