*1 OFFICE OF THE ATTORNEY GENERAL OF TEXAS

AUSTIN

dlVided by *It, the avera@ dafiy xawt pees, WhPQh rd et the l!%lt6 or ur plan la used in l*eaer and roraltf 1nWNet itQnBtltutlottttl?=

761 Hon. E. 8. Gritfit& Page 3

Artiols6 7177 to 7M4, 2. C. S. of Tamea, as amended and shown In Vorn~n~a &notated Civil Statutes undrr the mm artiole numberr, which we, vrlll not diaowe afnoe the tex aese88or and Pmrd of Equal- in detail, ization should be thmou#ly faniliar with theta uadar whloh they are bottad 80 act. The para- statutsr mount thing in aw3owlttg prep8rty r0r faration 1s the tletarm%statlon of the faii pparket value of the property, end ii it la huwl not to bar8 % market, than ltr true ralue a8 provided in the above statotaa. I?# 1E tea-y that the above mrthd whloh ycm stats a6 being obviow wed in Young C&u&y hae Very fitt& to do wlth thr market rdlue a? tb cbil laasee or oil royalty, 818 thla plan dealm with the mt OS oil prothtoed in a pretlow pear when the oriterlon ia the ra3m of thm proprty on January 1 of tha par for whloh It 18 a%%aamd.

Them am, no doubt, B%O$ lbassa wbioh~haro

not been dewlo e4 at all or not develepo& fuUy, whloh ar% very raluab P l & Tha abwe tmthod 8eema to bs baaed, te s large extent on haw well th% tsaot in qonst$on has been d~elepeb %nd not at all upaa th% amount of mooverable oil in plaoo, whloh would k a detarmlttlttg faotor In arriving at tbr, Sair metit value. It 8em8 the ralr rparket raluo of the mlneralr under e'gfrsn thet tract OS land ahou.Id not be dlifloult to a8aertein. partlonl6rl.y in a prarcm field.

' In the oa%o of Rleheld~on V* State, 53 8, Vi. (3) 5Of.l, (Oourt of Olv. App., IIEastland), 84 8. We (2) 1077 Cam. App., tha, l xm amthod of a8aearrwnt aII related in your opinion nquast wa% us%d eraept t& value oried itt that aem was abettt thrro tlmw em high a8 bhat used ItI YOUR@ courlty, and the jet in th6t can toutxd that ths method w%% not teir, \utilerr, and equal maathod oi &Wtrtilna, euoh relwe, muI that suoh nmthod raaul.tod In arbltrarp diaorisinatfon agalnat tha taxpagc In*otved Thl6 rinun(( ln favor of other properties ia thm QoQnt, was upheld br the dourt on apps& The R ohardsan Qam I

and RoDt Y. Throokmxton Indopondeat Sohool Dlstrlot, 39 9. w. (3) 470, olted by yo\l in roux! lOWm! 88 Well a# mebhod at flxh$ mttny other o%%e%, hold that an arbitr z veluatlona, relsulting is \rajaft ,dlsar netloa ariwt the talpaywr results 5.n tk8 assmmm8nt bw Yoi .

., 7m Eon. E. R. ciriftith, Plqp 3