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Utility, railroad property value in W.Va. tops $9B

October 1, 2013
Associated Press

CHARLESTON, W.Va. (AP) — The total assessed value of properties in West Virginia owned by utilities and railroads has topped $9 billion.

The West Virginia Board of Public Works' tentative assessment for the 2013 fiscal year is up more than $179 million from the previous fiscal year.

The Charleston Gazette (http://bit.ly/15GjDmM ) reports that the board approved the assessment on Monday.

State Property Tax Division director Jeff Amburgey told the board that the assessed value of natural gas pipelines increased by more than $184 million to about $1.5 billion.

Cellular phone company properties' assessed value increased 14 percent to $292 million. The assessed value of electric utilities' properties increased slightly to about $4.5 billion.

These increases offset declines in the assessed value of properties owned by railroads and landline telephone companies.

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Information from: The Charleston Gazette, http://www.wvgazette.com

 
 

 

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