How is the property assessed and how is the tax rate calculated?
The Department assesses the property in the same manner as manufacturing property. Department staff assesses manufacturing and telecommunications property under the same statutory standards that apply to the assessment of commercial and residential property. The companies must file annual self-reporting forms for their property, which is then audited once every 5 years. The tax rate for a telecommunications property is the sum of the net property tax rates (after credits) from the prior year in the taxing jurisdictions where the property is located.
