86-0248 - Centrally Assessed

 

BEFORE THE UTAH STATE TAX COMMISSION

_____________________________________

XXXXX

                                                                                    :

            Petitioner,                                                         )           STIPULATION AND ORDER

                                                                                    :

v.                                                                                 )

                                                                                    :

PROPERTY TAX DIVISION OF THE                       )           Appeal No. 86-0248

STATE TAX COMMISSION OF UTAH,                  :

                                                                                    )

            Respondent.                                                     :

_____________________________________

            The parties herein, including XXXXX County, by and through their respective attorneys, hereby stipulate as follows:

            1.  XXXXX, the Petitioner herein, ("Plateau") timely protested its assessed valuation for the tax year XXXXX set by the Property Tax Division, the Respondent herein, ("Respondent") at $$$$$.

            2.  The Tax Commission held an Informal Hearing on XXXXX's protest on XXXXX at which XXXXX argued that the fair market value of its property was less than $$$$$ and possibly as low as $$$$$.

            3.  The Tax Commission rendered its Informal Decision affirming the Respondent's value on XXXXX.

            4.  In its Informal Decision, the Tax Commission "affirm[ed] the assessment of the Property Tax Division with the encouragement that the matter be appealed to a Formal Hearing at which more detailed evidence may be submitted upon which the Commission may review an obsolescence factor that may be applied to the property for the tax year XXXXX."  Decision at 4.

            5.  XXXXX timely filed a Request for Formal Hearing on July 13, XXXXX.

            6.  Based upon the parties' negotiations and in settlement of the present dispute, the parties, including XXXXX County, stipulate and agree that the fair market value for XXXXX's Taxable Property is as follows, pending an appropriate Order of Approval being issued by the Tax Commission.

                              MILL                                       MINE                                      TOTAL

XXXXX -              $$$$$                          $$$$$                                                  $$$$$

XXXXX -              $$$$$                          $$$$$                                                  $$$$$

XXXXX -              $$$$$                          $$$$$                                                  $$$$$

            DATED this 11 day of April, 1988.

            XXXXX

            Assistant Attorney General

            Attorney for the Public tax

            Division

            XXXXX

            XXXXX County Attorney

            XXXXX

            XXXXX

            Attorneys for XXXXX

 

ORDER

            Based upon the foregoing Stipulation and the Commission being fully advised in the premises, now, therefore, it is hereby

ORDERED that the fair market value for XXXXX' property subject to ad valorem assessment is as follows:

                              MILL                                       MINE                                      TOTAL

XXXXX -              $$$$$                                      $$$$$                                      $$$$$

XXXXX -              $$$$$                                      $$$$$                                      $$$$$

XXXXX -              $$$$$                                      $$$$$                                      $$$$$

            DATED this 6 of May, 1988.

R. H. Hansen                                                                ROGER O. TEW

Chairman                                                                      Commissioner

G. BLAINE DAVIS                                                     JOE B. PACHECO

Commissioner   Commissioner