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Parnell signs order establishing advisory board pursuit of the project. Areas of concern have included payments in lieu of taxes and ensuring that existing oil and gas properties, such as the trans-Alaska pipeline system, from which some communities derive taxes, are not affected.The...
Alaska should have a better approach to industrial development

...development could affect property tax revenue for the boroughs, payments in lieu of those taxes and how existing oil and gas properties will be affected needed to be addressed and while the state was busily negotiating an agreement with the producers...
Proposition 1 will provide tax relief for resident homeowners owners will pickup a slightly larger portion of the Borough tax liability with the bulk of that coming from oil and gas properties which are already taxed at the state imposed maximum of 20.0 mils. Proposition One will return more oil and...
Mayors seek assurances on gas line project

...Fairbanks North Star Borough Mayor Luke Hopkins were on the payments in lieu of taxes and ensuring that existing oil and gas properties, such as the trans-Alaska pipeline system, from which communities derive taxes currently, are not affected...
TAPS owners take series of setbacks in court

...following years.In the dispute over 2006, the state Department of Revenue, which under state law sets the value for oil and gas properties for taxation, concluded TAPS was worth $3.64 billion. Municipalities that were affected appealed the decision...
Oil, gas assets jump in value

...continue to rise. "I think it's the biggest part of the increase in assessed value to the borough is obviously the oil and gas properties and I think it reflects a couple of things," he said. "It reflects the price of oil and increased activity...
Mayor releases 'status quo' budget

...there was an overall 3.2 percent increase in the borough's assessed values, much of which is attributed to oil and gas properties. Not considering increases in oil and gas, the increase is 0.3 percent to real and personal property values...
Mayor shares tax proposal

...assessment rolls, property values increased an average of 10.9 percent across the borough, he said. ?Even our oil and gas properties are showing a healthy increase for the first time in several years,? he said. The total taxable real property values...
Fair, but needs work

...borough lowers its mill rate to ease the burden on homeowners, it loses revenue not only from them, but also from oil and gas properties. Industry properties are taxed at a rate of 20 mills by state law. Out of that amount comes whatever the borough...


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