BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX,
Petitioner, :
v. : INFORMAL DECISION
:
PROPERTY TAX
DIVISION OF THE : Appeal No. 86 2096
STATE TAX
COMMISSION OF UTAH )
:
Respondent. :
_____________________________________
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
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner