86-0367 - Centrally Assessed

BEFORE THE STATE TAX COMMISSION OF UTAH

_____________________________________

XXXXX, )

:

Petitioner, )

:

v. ) ORDER OF APPROVAL

:

)

PROPERTY TAX DIVISION OF THE : Appeal No. 86 0367

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 of the Property Tax Division of the Utah State Tax Commission on the subject property. XXXXX (Petitioner) asserted that the subject property was overvalued as of the lien date of XXXXX.

Petitioner and Respondent stipulated and agreed to an adjustment in the value of the subject property for the tax year XXXXX. Petitioner was assessed the full value of $$$$$ for the subject property but it should have been assessed only one fourth of this or $$$$$ since Petitioner only owned a 1/4 interest as of the lien date.

XXXXX County had standing to object to the assessment of the subject property pursuant to Utah Code Ann. 59-7-13 (1953). XXXXX County was ordered to show cause within ten days why the Commission should not find the taxable value of the subject property to be $$$$$$ as of XXXXX, if it objected to the adjustment. XXXXX County did not object.

DECISION AND ORDER

The Tax Commission, after reviewing the stipulation, accepts this stipulation in lieu of a Formal Hearing and finds the value of the subject property as of XXXXX, to be $$$$$.

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

DATED this 15 day of October, 1986.

BY ORDER OF THE STATE TAX COMMISSION OF UTAH.

R. H. Hansen Roger O. Tew