CHS and Montana Department of Revenue Settle - | News, Weather & Sports in Billings, Montana

CHS and Montana Department of Revenue Settle

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LAUREL, Mont. -

CHS and the Montana Department of Revenue ended a dispute over the property tax valuation of a refinery in Laurel. The settlement frees up millions of dollars.

CHS protested $16 million in property taxes from 2009 to 2012. The company will get back $4 million dollars as a part of the settlement, which is approximately a 15 percent reduction in the refinery's assessment.

The other $12 million will be divided, not evenly, among Laurel Schools, Yellowstone County, and the state. The parties are working with local officials to determine the precise refund amounts.