86-2052 - Centrally Assessed

 

BEFORE THE STATE TAX COMMISSION OF UTAH

_____________________________________

XXXXX COUNTY,

Petitioner, :

v. : ORDER OF APPROVAL

:

PROPERTY TAX DIVISION, : Appeal No. 86 2052

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 82 and a factor of 1.22. XXXXX County filed an appeal of the XXXXX Factoring Order with the Utah State Tax Commission on XXXXX. Based upon the facts presented, the Property Tax Division and XXXXX County stipulate the following:

A. Primary Residential property is to be factored, selectively factored and/or reappraised.

B. Vacant land and commercial property is to be reappraised by XXXXX and all changes applied to the XXXXX assessment roll.

Where all or any part of the increase in value is accomplished by reappraisal, XXXXX County agrees to follow the State Tax Commission guidelines.

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 roll.

Based upon the parties agreement in paragraphs (A) and (8) above, the parties jointly recommend that Appeal 86-2052 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 86-2052 is hereby dismissed.

DATED this 9 day of January, of 1987.

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