Kinder Morgan Co2 Co., L.p., Petitioner v. Montezuma County Board of Commissioners; Colorado Board of Assessment…

Summary

The court held that Colorado's statutory scheme authorizes retroactive property-tax assessments when an oil-and-gas leaseholder underreports the selling price or volume of production, even when the leasehold itself was initially reported. It also upheld the determination that Kinder Morgan underreported the wellhead selling price by claiming an impermissibly large transportation deduction because it and the pipeline company were related parties. The court therefore affirmed the court of appeals.