BEFORE THE STATE TAX COMMISSION OF UTAH
v. : INFORMAL DECISION
PROPERTY TAX DIVISION OF THE : Appeal No. 86 2096
STATE TAX COMMISSION OF UTAH )
STATEMENT OF CASE
The Petitioners have requested that the Tax Commission grant a hearing concerning the XXXXX assessed values on properties located in XXXXX County known as the XXXXX properties.
The Petitioners request the hearing because XXXXX who was the operating company for the subject properties for the XXXXX ad valorem property tax year has filed Chapter 11 proceedings and the Petitioner has taken over the operation of the companies leases. The payment of the taxes are an undue burden and some form of relief is requested.
The Petitioner argues that the values for the properties are grossly over-valued.
DECISION AND ORDER
Based on the foregoing, The Tax Commission declines to exercise its authority under the statutes to adjust valuation issues for years for which the statutory appeal times have passed. The Petitioner is encouraged to petition for review of the current tax year within the time limits prescribed by statute. The Commission recognizes the hardships imposed upon the Petitioner by the current economic circumstances. However, the factors involving the assessment of the property, the closing of the books, and the running of the time limits on appeals outweighs the economic situation under the circumstances and dictates that the Commission deny the petition of the Petitioner.
DATED this 5 day of March, 1987.
BY ORDER OF THE STATE TAX COMMISSION OF UTAH.
R. H. Hansen Roger O. Tew
Joe B. Pacheco G. Blaine Davis