86-0216 - Centrally Assessed

BEFORE THE UTAH STATE TAX COMMISSION

_____________________________________

XXXXX

:

Petitioner, ) STIPULATION OF VALUE,

:

) MOTION, AND ORDER

:

PROPERTY TAX DIVISION, )

UTAH STATE TAX COMMISSION :

)

Respondent. : Case No. 86-0216

_____________________________________

STIPULATION

Petitioner XXXXX; Respondent Property Tax Division, Utah State Tax Commission (the "Division"); and Respondents XXXXX Counties and the Utah Association of Counties, by and through their respective counsel of record, hereby agree and stipulate, for purposes of settlement of the captioned appeal, that:

(1) As the result of certain calculation and reporting errors, the "Indicated Assessment XXXXX" for Petitioner's Utah property, as shown on the worksheets prepared by the Division for the XXXXX tax year, must be adjusted to arrive at the fair market value of the property; and

(2) When these adjustments are made the fair market value of Petitioner's Utah property for the XXXXX tax year, for purposes of the fee in lieu of ad valorem property taxes paid by Petitioner pursuant to Utah Code Ann. § 11-13-25 (1953 as amended) ("U.C.A."), is $$$$$.

MOTION

Based upon the foregoing agreement and stipulation, the parties hereby move the Commission for entry of its Order establishing the stipulated value as the fair-market value of Petitioner's Utah property for the XXXXX tax year for purposes of payment of the fee in lieu of ad valorem property taxes required by U.C.A. 11-13-25.

DATED this 28 day of January, 1988.

XXXXX XXXXX

Attorney for XXXXX Assistant Attorney General

XXXXX

Attorney for

XXXXX

ORDER

Based upon the foregoing Stipulation and Motion of the parties, the Tax Commission hereby finds that as the result of certain calculation and reporting errors, adjustments must be made to the Division's valuation of Petitioner's Utah property for the XXXXX tax year for purposes of the fee in lieu of ad valorem property taxes required by Utah Code Ann. § 11-13-25. After making these adjustments, the Tax Commission finds that the fair market value of Petitioner's Utah property for the XXXXX tax year is $$$$$. The county auditors of the respective counties in which Petitioner's properties are located are hereby directed to adjust their assessment rolls to conform with the fair market value established by this Order.

DATED this 8 day of April, 1988.

BY ORDER OF THE UTAH STATE TAX COMMISSION.

R. H. Hansen Roger O. Tew

Chairman Commissioner

Joe B. Pacheco G. Blaine Davis

Commissioner Commissioner