BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX ) ORDER OF APPROVAL
Petitioner :
v. :
PROPERTY TAX
DIVISION OF THE : Appeal No. 87-0543
STATE TAX
COMMISSION OF UTAH, )
Respondent. :
_____________________________________
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 $$$$$. The recommended
revised valuation is $$$$$. The
original valuation of XXXXX was $$$$$.
The recommended revised valuation is $$$$$. XXXXX and XXXXX Counties had standing to object to the assessment
of the subject property pursuant to Utah Code Ann. §59-2-1013 (1953) but
elected not to show cause.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the taxable value
of the property of XXXXX as of XXXXX, to be $$$$$ and the taxable value of
property of XXXXX as of XXXXX, to be $$$$$.
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
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner
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