BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX, )
:
Petitioner, )
:
v. ) ORDER OF APPROVAL
:
)
PROPERTY TAX
DIVISION OF THE : Appeal No. 86 0238
STATE TAX
COMMISSION OF UTAH, )
:
Respondent. )
_____________________________________
STATEMENT OF CASE
The
above-captioned matter involves an appeal to the Utah State Tax Commission from
the assessment by the Property Tax Division of the Utah State Tax Commission on
the subject property. Petitioner
asserted that the subject property should have a lower taxable value as of the
lien date, January 1, XXXXX.
At
an Informal Hearing held on XXXXX, Petitioner presented hand written work
sheets for rolling stock values.
Following the hearing, Petitioner submitted appraisals which
substantiated these values. Petitioner
and Respondent then agreed that all of the vehicles should be assessed for
XXXXX using the percentages that were used for XXXXX. The assessment is consequently reduced from $$$$$ to $$$$$. The original XXXXX tax liability amounted to
$$$$$. The revised XXXXX tax liability
amounts to $$$$$, a decrease in taxes of $$$$$. A summary of the proposed XXXXX assessment of rolling stock,
based on percentages used for the XXXXX assessment, is as follows:
System Utah Decreased
Utah Market Market From Orig.
Percentage Value Value Assessment
Power Units 11.759% $$$$$ $$$$$ 15.70%
Trailing Units #1 4.389% $$$$$ $$$$$ 34.89%
Provo Fleet 100% $$$$$ $$$$$ 21.59%
Ogden Fleet 100% $$$$$ $$$$$ 24.17%
Moab Fleet 100% $$$$$ $$$$$ 36.70%
Trailing Units #2 4.389% $$$$$ $$$$$ 25.37%
SLC Shop Fleet 100% $$$$$ $$$$$ ------
SLC Fleet 100% $$$$$ $$$$$ 18.82%
$$$$$ $$$$$
All 29 counties had
standing to object to the assessment of the subject property pursuant to Utah
Code Ann. § 59-7-12 (1953) (new Section
59-2-1013) but elected not to show cause.
ORDER
The Utah State Tax
Commission hereby finds the taxable value of the subject property as of January
1, XXXXX to be $$$$$.
The Property Division
of the Utah State Tax Commission is ordered to adjust its records in accordance
with this decision.
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