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Section VII-Abstract Value (for county use only) 2026
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- Click ‘Get Form’ to open the Section VII-Abstract Value in the editor.
- Begin by entering the Lease Description, which provides a brief overview of the property being assessed.
- Fill in the Appraised and Assessed values. These figures represent the estimated worth of your property and its taxable value, respectively.
- Input any applicable Penalty amounts if there are late filings or other penalties associated with this assessment.
- Complete the Total Working Interest and Royalty & ORRI Interest fields by referencing Section VI, ensuring accurate calculations based on previous sections.
- Lastly, include Itemized Equipment details from Section III, ensuring all equipment values are accurately reflected for a comprehensive assessment.
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