- Associated Press - Tuesday, October 18, 2016

BILLINGS, Mont. (AP) - In a story Oct. 18 about NorthWestern Energy’s property tax appeal, The Associated Press reported erroneously that the company’s taxes would have risen to $163 million without the settlement. According to the Montana Department of Revenue, $163 million was the amount of the agency’s initial tax assessment, but the settlement negotiations began at $144 million.

A corrected version of the story is below:

NorthWestern Energy appeals taxable valuation

NorthWestern Energy has successfully appealed its 2016 taxable valuation and reduced its projected property taxes by about $29 million

BILLINGS, Mont. (AP) - NorthWestern Energy has successfully appealed its 2016 taxable valuation and reduced its projected property taxes by $29 million.



The Billings Gazette reports (https://bit.ly/2dlB1H9) the utility reached the agreement with the Department of Revenue on Friday.

Agency appraisers had increased the value of NorthWestern Energy’s Montana properties from $2.2 billion in 2015 to $2.6 billion this year. The negotiated settlement sets the taxable value at about $2.4 billion.

NorthWestern spokesman Butch Larcombe says before the settlement, the utility was looking at a tax bill that would increase from $122 million to about $144 million. Under the settlement, the company will pay $134 million in taxes, or about $12 million more than last year.

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