BEFORE THE STATE TAX COMMISSION OF UTAH
XXXXX ) ORDER OF APPROVAL
PROPERTY TAX DIVISION OF THE : Appeal No. 87-0543
STATE TAX COMMISSION OF UTAH, )
STATEMENT OF CASE
The above-captioned matter involves an appeal to the Utah State Tax Commission from the assessment by the Property Tax Division of the Utah State Tax Commission on the subject property. The XXXXX is the parent of XXXXX who is in turn the parent of XXXXX. The XXXXX on behalf of XXXXX (Petitioners) asserted that the subject property should have a lower taxable value as of the lien date, XXXXX.
Petitioners and Respondent agreed to the following facts: The capitalization rate was changed from .155 to .170 which in turn resulted in lower values for both companies. The original valuation of XXXXX was $$$$$. The recommended revised valuation is $$$$$. The original valuation of XXXXX was $$$$$. The recommended revised valuation is $$$$$. XXXXX and XXXXX Counties had standing to object to the assessment of the subject property pursuant to Utah Code Ann. §59-2-1013 (1953) but elected not to show cause.
Based on the foregoing, the Utah State Tax Commission hereby finds the taxable value of the property of XXXXX as of XXXXX, to be $$$$$ and the taxable value of property of XXXXX as of XXXXX, to be $$$$$. The Property Tax Division of the Utah State Tax Commission is hereby ordered to adjust its records in accordance with this Order of Approval.
DATED this 2 day of December, 1987.
BY ORDER OF THE STATE TAX COMMISSION OF UTAH.
R. H. Hansen Roger O. Tew
Joe B. Pacheco G. Blaine Davis