Iowa Code 458A.19 – Rate
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 458A.19
- and: includes the word "or" and the use of the word "or" includes the word "and". See Iowa Code 458A.2
- Owner: means the person who has the right to drill into and produce from a pool and to appropriate the oil or gas that person produces therefrom either for that person or others or for that person and others. See Iowa Code 458A.2
In order to pay the costs of assessment and collection and provide a reasonable minimum standard of taxation, the taxes on any mineral rights or interests not owned by the owner of the land shall be not less than five cents per acre.