Petersburg Pilot -

Trans-Alaska pipeline assessed at $10.2 billion

 


FAIRBANKS (AP) — Oil companies that own the trans-Alaska pipeline will have 30 days to appeal a State Assessment Review Board decision to set the value of the pipeline system at $10.2 billion.

The decision last week set a figure sharply higher than the $5.7 billion set by the state assessor.

Oil companies contend the system should be valued at $2.7 billion and municipalities such as the Fairbanks North Star Borough argued for $13.76 billion.

The decision can affect oil companies' property tax bills by tens of millions per year, the Fairbanks Daily News-Miner reported.

The board decision...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018