86-0225 - Centrally Assessed

BEFORE THE STATE TAX COMMISSION OF UTAH

_____________________________________

XXXXX

                                                                                    :

            Petitioner,                                                         )

                                                                                    :           AMENDED

v.                                                                                 )           ORDER OF APPROVAL

                                                                                    :

                                                                                    )

PROPERTY TAX DIVISION OF                               :           Appeal No. 86 0225

THE UTAH STATE TAX COMMISSION,                )           Account No. XXXXX

                                                                                    :

            Respondent.                                                     )

_____________________________________

STATEMENT OF CASE

            This is an appeal to the Utah State Tax Commission from the decision of the Property Tax Division of the Utah State Tax Commission (Respondent) concerning the valuation of the subject property for the tax year XXXXX.  The Petitioner asserted that the subject property should be reduced in value.

            Petitioner and Respondent subsequently stipulated and agreed to an adjustment in the flat well rates for the tax year XXXXX.  This reduced the market value of the property.  The prior and proposed values are as follows:

                                                                  Decision of                                     Stipulated

                                                                  the Property Tax                             Market Value

                                                                  Division                                          of Property

            Value of Oil & Gas                                                               $$$$$                                            $$$$$

            Value of Equipment                                                                      0                                                    0

            Flat Well Rates                                                                     $$$$$                                            $$$$$

            (17 originally reduced to

            15 at lower rate.)

            TOTAL                                                                                $$$$$                                            $$$$$

DECISION AND ORDER

            The Tax Commission, after reviewing the stipulation, hereby accepts the stipulation in lieu of a Formal Hearing and finds the market value of the subject property as of XXXXX, to be as set forth above.

            The decision of the Property Tax Division of the Utah State Tax Commission is therefore set aside and the Property Tax Division is ordered to adjust the assessment books in accordance with this order of approval.

            DATED this 1 day of October, 1987.

BY ORDER OF THE STATE TAX COMMISSION OF UTAH.

                                                                                                ABSENT

R. H. Hansen                                                                Roger O. Tew

Chairman                                                                      Commissioner

Joe B. Pacheco                                                            G. Blaine Davis

Commissioner   Commissioner