TC Energy Unit Gets Michigan Judge to Reduce Pipeline Tax Value

A Michigan township improperly valued a natural gas pipeline owned by a TC Energy Corp. subsidiary at $1.73 million, a state judge ruled, reducing the tax valuation $1.21 million.

Great Lakes Gas Transmission LP convinced Michigan Tax Tribunal Judge Patricia L. Halm that Surrey Township’s 2024 assessment exceeded the capped value formula set out by state law.

• Unless ownership is transferred or new construction is added to the property, taxable values can’t increase beyond the applicable rate of inflation for the tax year at issue
• The case is ripe for a decision without a trial because the township missed “multiple ...