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Here in Wyoming, I own my home and lot, but the Union Pacific Railroad owns the mineral rights to my lot--goes back to when the railroad was first going through Wyoming in 1867 and the federal government was giving them extensive grants of land on either side of the railroad. Even though I'm a mile away from the actual tracks, the UP still retains the mineral rights under my home.
Location: The Land Mass Between NOLA and Mobile, AL
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Originally Posted by Kele
Here in Wyoming, I own my home and lot, but the Union Pacific Railroad owns the mineral rights to my lot--goes back to when the railroad was first going through Wyoming in 1867 and the federal government was giving them extensive grants of land on either side of the railroad. Even though I'm a mile away from the actual tracks, the UP still retains the mineral rights under my home.
Interesting. How close are you to a town? Do you have a well? I guess I mean, how do you get services?
Property tax is usually assessed at a rate commesurate with the services
offered by the taxing authority. I pay a pretty penny for the house here near Santa Fe even though I'm out in the sticks. They maintain the roads and provide a school system as well as police and fire service. We own a property near the Colorado border that we pay almost nothing on. I think it was less than $100 last year for a couple of acres. Good luck getting there in December if you don't have a snowmobile.
I have Fee Simple (Absolute) Title to my property.
The County Treasurer is NOT a Lessee. They are a Lien holder, not dissimilar to a Mortgage Company.
The ONLY time the County can exercise their lien rights, and take action against my ownership rights is if, I do not pay my property taxes.
I have the right, without needing permission of any other party, to build on my property. To tear down any improvements I choose. I have the right to sell, lease or partially convey ownership in my property.
Who says that they "want" to, though? And by the way, that would be a "group" that purportedly owns it, not any single individual.
How many still live on the "rez"?
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