Get Ks Oil Assessment Rendition Schedule 2 (class 2b) 2021-2025

Filling out the KS Oil Assessment Rendition Schedule 2 (Class 2B) is essential for ensuring compliance with property tax regulations in Kansas. This guide will walk you through the process step-by-step to make it as straightforward as possible.

Follow the steps to successfully complete your oil assessment rendition online.

1. Click 'Get Form' button to obtain the form and open it in your preferred editor.
2. Fill in Section I, which is the location of the property. Provide the required details including the county, operator ID, county ID, and the well API numbers along with the address, zip code, and other relevant information.
3. Complete Section II by entering lease data. You need to specify the type of wells (producing and non-producing) and provide details such as spud date, average production depth, and any other required fields related to the well operation.
4. Move to Section IV to input your production data. This requires listing your monthly oil production figures along with casinghead gas production. Be diligent in entering this information as it affects the overall assessment.
5. In Section V, calculate the gross reserve value. You will need to indicate annual production and net prices to find the estimated gross income stream.
6. Proceed to Section VI, where you detail the gross reserve value calculations linked to the working interest and royalties. Follow the instructions to deduct operating costs and arrive at the total assessed value.
7. Review the certification statement at the end of the document. Ensure all required signatures are present, including that of the owner and tax rendition preparer, before finalizing.
8. Once all sections are complete, save your changes. You can then download, print, or share the form as needed for submission.

Complete your KS Oil Assessment Rendition Schedule 2 (Class 2B) online today to ensure timely filing.