In Wisconsin, LECs pay a gross receipts tax instead of real property taxes. As noted above, Hawaii does not levy ad valorem taxes on utility real property. Forty-nine states impose real property taxes on cable television company real property. Assessment Methods States and localities employ several distinct methods to assess the value of the real property of telecommunications providers. This is the amount that a willing buyer would pay to a willing seller for a particular property in an arm's length transaction.
Some states take a unitary approach to valuation.
Values are then allocated to individual taxing jurisdictions. However, this approach is not always feasible in many states, such as New York, where assessment is both a central and local function. They then subtract depreciation and obsolescence and add the current value of land on which the property is located. Connecticut Connecticut municipalities may impose ad valorem property taxes on real property and tangible personal property. Assessment of property is local except telecommunications system property.