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V★TE FILESUnited States edition
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REVERSED

EQT Production Co. v. County of Wise

REVERSED status graphic: EQT Production Co. v. County of Wise. 250430 EQT Production Co. v. County of Wise 05/21/2026 In an appeal from the Court of Appeals' decision to uphold the tax assessment of the taxpayers' mineral lands, the judgment is reversed. The General Assembly has permitted three different avenues for localities to tax mineral lands, they may either: 1) directly assess the fair market value of the entire property pursuant to subdivisions 1 through 3 of Code § 58.1-3286; 2) levy a severance tax based on the gross receipts of all gases extract…
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