0:53
Dan Stickel
8:48 - 9:41
"it's a 20 mils tax or 2% of assessed value, and that assessment is done centralized by the State Department of Revenue. We manage the appraisal and assessment process for all oil and gas property in the state, and then any municipal oil and gas property taxes are allowed as a credit against that state tax."
“it's a 20 mils tax or 2% of assessed value, and that assessment is done centralized by the State Department of Revenue. We manage the appraisal and assessment process for all oil and gas property in the state, and then any municipal oil and gas property taxes are allowed as a credit against that state tax.”
- Speaker
- Dan Stickel
- Timestamp
- 8:48 – 9:41
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 15, 2026
From the transcript
Welcome, Mr. Stickel. All right, so slide 5 is just a little bit of background on the property tax for the folks watching at home or anyone who hasn't been living and breathing this for the last several months. So the, the state levies an oil and gas property tax on the value of taxable exploration, production, and pipeline transportation property in the state, and this tax is really the essence of what's being addressed through through all of these various iterations of the AK LNG bills. So it's a 20 mils tax or 2% of assessed value, and that assessment is done centralized by the State Department of Revenue. We manage the appraisal and assessment process for all oil and gas property in the state, and then any municipal oil and gas property taxes are allowed as a credit against that state tax.
Related Coverage
Senate Finance demands Phase 1 pipeline math before Alaska LNG tax vote
Senator Bert Stedman pressed the Alaska Senate Finance Committee to obtain standalone Phase 1 pipeline economics before acting on Alaska LNG tax relief. The special session ends in four days.
by Walter AlaskaNews1h ago3 min readAIAlaska
