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For many municipalities in the United States, property taxes are the primary source of revenue. The amount of forgone tax revenue as a result of these tax-exempt land parcels is significant. The president of the city council of Baltimore, MD, recently estimated that his city loses $120 million annually from these foregone taxes. [16]
Polar Tankers, Inc. v. City of Valdez, 557 U.S. 1 (2009), was a decision by the Supreme Court of the United States involving the tonnage clause of the United States Constitution. The City of Valdez in Alaska imposed a property tax that, in practice, applied only to large oil tankers.
Chugach Census Area is a census area located in the state of Alaska, United States.It is part of the Unorganized Borough and therefore has no borough seat.On January 2, 2019, it was split from the Valdez–Cordova Census Area (of which it claims to be the successor), along with neighboring Copper River Census Area.
The firm represented the city of Valdez [3] [8] and the Alaska Gasline Port Authority. [8] [10] [11] Walker "represented the city of Valdez in lawsuits that charged [oil] companies with lowballing the property tax valuation of the industry-owned Trans-Alaska pipeline system". He also attempted to build a gas pipeline in Alaska.
The series of taxes levied on oil production in Alaska has changed several times since 1977, but the overall form remains mostly the same. [111] [112] Alaska receives royalties from oil production on state land. The state also has a property tax on oil production structures and transportation (pipeline) property—the only state property tax in ...
city-borough) Unified Home Rule: 1964/1975: Anchorage Borough formed in 1964, merged with city in 1975 to form unified city-borough: Derived from the presence of a safe place to anchor and unload supplies for construction of the Alaska Railroad c. 1913, thereby creating a community. 167.59 286,075: 1,707 sq mi (4,421 km 2) Bristol Bay Borough ...