86-0238 - Centrally Assessed

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