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