Internet and cable television provider Comcast has settled a long-running property tax dispute with the state of Oregon for $155 million, gaining a one-time discount but agreeing to a more costly method of calculating its taxes.
The settlement, which sends an infusion of cash to ten Oregon counties, resolves a dispute dating to a 2009 decision to assess the company’s assets in the state as a whole, rather than piecemeal. The company had argued that because it provides TV service, it was exempt from rules allowing the broader tax assessment on communication companies.
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