Dominion Resources Provides Property Tax Estimates

dominionDominion Resources Inc. on Monday provided property tax estimates to local governments regarding the proposed Atlantic Coast Pipeline. According to the Richmond based company, the proposed pipeline which would deliver natural gas to the Southeast would provide up to $25 million in annual local property taxes for municipalities along the proposed route– Nelson County would receive among the largest amounts $41,500 in 2016 and $1.57 million by 2015. But the project continues to come up against pockets of opposition– Among the concerns expressed include fear that the line would traverse an environmentally sensitive landscape. If approved by federal regulators, the pipeline is projected to be in service by late 2018.

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