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Department of Taxation and Finance

Survey of Railroad and Utility Taxation Practices Among the States: 2005 Update


  1. Basis for Taxation:    For ad valorem taxation, property is valued by its "full cash value," defined as the value determined as prescribed by statute; if no statutory method is prescribed, full cash value is synonymous with market value (the estimate of value derived annually by using standard appraisal methods and techniques). Railroads and utilities, except for cable television companies, microwave television transmission companies, and Internet access services companies, are also subject to gross receipts taxation, at five percent of the tax base (excluding sales to nonprofit and other organizations).
  2. Property subject to taxation:    Real and personal property (both tangible and intangible) of railroads and utilities are subject to ad valorem taxation

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