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