86-0294 - Centrally Assessed

BEFORE THE STATE TAX COMMISSION OF UTAH

_____________________________________

XXXXX

:

Petitioner, )

:

v. ) ORDER OF APPROVAL

:

)

PROPERTY TAX DIVISION OF THE : Appeal No. 86 0294

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. XXXXX asserted that the subject property was overvalued as of the lien date of XXXXX.

Petitioner and Respondent agreed to the following changes in the XXXXX assessment:

(1) For the current assessment year XXXXX, the property will remain as state assessed property with reduced values as follows:

(a) Parcel No. XXXXX for 10.31 acres will be valued at $$$$$ per acre.

(b) Parcel No. XXXXX for 19.33 acres will be valued at $$$$$ per acre.

(2) Both parcels will be dropped from state rolls for the XXXXX assessment year and returned to the county.

XXXXX County had standing to object to the assessment of the subject property pursuant to Utah Code Ann. § 59-7-12 (1953). XXXXX County was sent an order to show cause on XXXXX, but elected not to object.

ORDER

The Utah State Tax Commission hereby approves the above mentioned adjustment agreed to by Petitioner and Respondent.

The Property Tax Division of the Utah State Tax Commission is hereby ordered to adjust its records in accordance with this Order of Approval.

DATED this 20 day of November, 1986.

BY ORDER OF THE STATE TAX COMMISSION OF UTAH.

R. H. Hansen Roger O. Tew

Chairman Commissioner

Joe B. Pacheco G. Blaine Davis

Commissioner Commissioner