Dive Summary:
- Duke Energy has objected to the Wyoming Department of Revenue’s $414.7 million valuation of its Top of the World wind farm; Duke says an independent estimate values the farm at $225 million.
- If Duke wins the appeal, Converse County would see a $1.68 million reduction in tax revenue from $2.89 million to $1.57 million.
- The Top of the World wind farm is one of four Wyoming wind farms owned by Duke, but is the only one whose assessed value is being disputing.
From the article:
Duke Energy and Converse County can’t agree on the property tax value of the Top of the World wind farm in Converse County.
The energy company objected to the Wyoming Department of Revenue’s $414.7 million valuation of its wind farm for 2012 and appealed the Department of Revenue’s assessment. Duke says the value from its independent estimate is $225 million. ...