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 drew s...
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