Settlement Reached in Alon Tax Value Fight

BIG SPRING - A settlement has been reached in the fight over how much Big Spring's Alon refinery is worth.

Alon and the Howard County appraisal district have been arguing over the refinery's worth for the past few months.

The settlement reached includes valuations for 2006, 2007 and 2008 and are as follows:

2006: $130 million

2007: $185 million

2008: $175 million

Howard County had to raise taxes while the fight played out in court as Alon is the county's biggest taxpayer. There is no word yet how this settlement will affect that tax increase.