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Re: Railroad Taxes
Author: Graham Buxton
Date: 04-23-2018 - 08:51

Load Binder Wrote:
-------------------------------------------------------
> Do railroads e.g. NWP have to pay county and state
> taxes on portions of their route that is no longer used?

NWP doesn't own any of the real estate which their trains run on, so no NWP does not pay property taxes on that. The tracks and right-of-way, including all the way up to Eureka, are either owned by SMART or NCRA, both of which are government entities, so they don't pay property taxes either.
[www.northcoastrailroad.org]

Other railroads, say UP and BNSF do pay property taxes on property underlying their tracks, including unused portions that they do not currently operate.

Railroads can legally abandon tracks, and sell or otherwise dispose of the property, and avoid property taxes that way.

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Subject Written By Date/Time (PST)
  Railroad Taxes Load Binder 04-23-2018 - 07:33
  Re: Railroad Taxes Graham Buxton 04-23-2018 - 08:51
  Re: Railroad Taxes Ernest H. Robl 04-23-2018 - 17:14
  Re: Railroad Taxes H&R Blockhead 04-23-2018 - 19:02
  Re: Railroad Taxes George Andrews 04-23-2018 - 20:13
  Re: Railroad Taxes Load Binder 04-25-2018 - 10:32


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