05/30/2026
Alaska and three of its municipalities could be in line for an extra $60 million in oil industry tax revenue after a new ruling in a long-running feud over the value of the trans-Alaska pipeline system, reports Max Graham for Northern Journal via Alaska Beacon.
A state appeals board this week determined the property tax value of the enormous 50-year-old pipeline system, which moves crude 800 miles from the North Slope’s oil fields to the port town of Valdez, to be $13 billion.
That’s some $3 billion more than an initial 2026 assessment from Gov. Mike Dunleavy’s administration — meaning the pipeline’s owners would owe $60 million more under the state’s 2% property tax regime.
Alaska and three of its municipalities could be in line for an extra $60 million in oil industry tax revenue after a new ruling in a long-running feud over the value of the trans-Alaska pipeline system.