BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX COUNTY,
Petitioner, :
: ORDER OF
APPROVAL
v. :
:
PROPERTY TAX
DIVISION, : Appeal No. 86 2051
STATE TAX
COMMISSION OF UTAH : Serial No. XXXXX
Respondent. :
_____________________________________
STATEMENT OF CASE
The
Utah State Tax Commission issued a Factoring Order to XXXXX County by the
fourth Tuesday of XXXXX pursuant to Utah Code Ann §59-5-109.6 (1953). The Factoring Order, based upon the XXXXX
Assessment/Sales Ratio Study, set forth an overall ratio of 83 and a factor of
1.20. XXXXX County filed an appeal of
the XXXXX Factoring Order with the Utah State Tax Commission on XXXXX. Based upon the Łacts presented, the Property
Tax Division and XXXXX County Stipulated that the factor would be reduced from
1.20 to 1.16 and further stipulate the following:
A. Adjustments to sales and assessment data as
set forth below:
1. Parcel XXXXX the taxable value used in the
study is incorrect. The value is
changed from $$$$$ to $$$$$.
2. The population count for vacant land parcels
is reduced from XXXXX to XXXXX to adjust for partial interests, sales of which
are excluded from the study as nonarms-length transactions.
B. The 1.16 factor should be applied as follows:
1. At the discretion of the county and in a
manner that will create and preserve equity and uniformity in the county's
assessments.
2. Applying the factoring order as described
above will increase the taxable value of locally assessed real property by
approximately $$$$$ on XXXXX County's XXXXX assessment role.
3. Where all or any part of the increase in
value is accomplished by reappraisal, XXXXX County agrees to follow the State
Tax Commission guidelines.
C. Based upon the parties agreement in
paragraphs (A) and (B) above, the parties jointly recommend that Appeal 86-2051
be dismissed by order of the Tax Commission incorporating the adjustments set
forth above.
ORDER
The
Tax Commission, after reviewing the stipulation, hereby accepts the stipulation
and orders the Property Tax Division to incorporate the adjustments as set
forth above. Appeal 86-2051 is hereby
dismissed.
DATED
this 9 day of January, 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