Telecommunication Companies Valued by OPM
The Office of Policy and Management determines the personal property tax liability of nine telecommunications services companies, pursuant to the provisions of §12-80a. Personal property, including telecommunications towers, owned by the companies listed below is not taxable by cities and towns.
| AT&T | SNET |
| Dynegy Connect | Sprint Communications Company LP |
| Level 3 Communications, LP | Sprint Spectrum LP |
| New York Telephone (Verizon) | Woodbury Telephone (SBC) |
| Qwest Communications | Wiltel Communications (Purchased by Level 3 12-2005) |
| Telecommunication Service Company Tax Liability |
Under the provisions of §12-80a, these telecommunication service providers annually report the depreciated value of their personal property to the Office of Policy and Management by November 30th. Values reported represent the full extent of depreciation allowed for corporation business tax purposes in the state. A 70% assessment ratio is applied to the total depreciated value of a company’s personal property and the tax is calculated at 47 mills.
Telecommunication service providers are notified of the amount of their personal property tax liabilities by the following March 1st; these taxes are due and payable by the companies to the municipalities on or before the following April 1st.