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McPhersonSentinel - McPherson, KS
  • Marion County commissioner concerned about pipeline taxes

  • State Legislators and Keystone have repeatedly stated the six counties affected by the Keystone Pipeline exemption just have to be “patient,” and after 10 years they will start receiving property tax revenue from the pipeline.
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  • State Legislators and Keystone have repeatedly stated the six counties affected by the Keystone Pipeline exemption just have to be “patient,” and after 10 years they will start receiving property tax revenue from the pipeline.
    The reality is far different, and I feel the counties are being systematically mislead about this issue. For property tax determination, the assessed value for the pipeline is provided to the counties by the state.
    County appraisers have no role in this determination. These are numbers are for Marion County only;
    Year — Assessed value
    2011 — $21,171,668
    2012 — $17,784,097
    2013 — $13,875,655
    The pipeline’s value has been reduced for tax purposes by 34 percent due to accelerated depreciation after only three years. After 10 years at this rate the pipeline will be worth little or nothing for tax purposes.
    Keystone also has stated in court and in public this is a 100- year pipeline and the counties will be paid property tax for up to 90 years. If you do the math (90 X little or nothing equals little or nothing) it is obvious any hope for the future is nothing but a pipe dream.
                                                                              
    — Daniel Holub, Marion County commissioner

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