Alascom, Inc. v. North Slope Borough, Board of Equalization

OPINION

RABINOWITZ, Justice.

I. FACTS

This appeal involves a property tax dispute between Alascom, Inc. (Alascom) and the North Slope Borough (Borough). In 1979, the Borough audited Alacom’s books and determined that a substantial amount of real and personal property owned by Alascom had not been taxed in fiscal years 1974 through 1979.1 Based upon this audit, the Borough demanded additional property taxes of approximately a quarter-million dollars, plus interest and penalties.2 Alas-com paid the demanded sums under protest and appealed the assessment to the Borough’s Board of Equalization,…