Public Service Companies

Business Personal Property Tax on Public Service Companies

Public service companies report their property to the State Corporation Commission (SCC), which in turn reports their assigned values to jurisdictions where the property is located. Examples of public service companies include:
  • Cellular phone
  • Common carriers
  • Heat
  • Light and power
  • Pipeline
  • Radio
  • Railroads
  • Telegraph
  • Telephone
  • Water

Tax Rate

Both real and personal property owned by public service companies are taxed at the prevailing real estate tax rate, not at the personal property tax rate. Taxes assessed may increase even if assessed value of the property has decreased because of an increase in the real estate tax rate.