BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX
Petitioner, )
v. ) ORDER OF APPROVAL
PROPERTY TAX
DIVISION OF THE ) Appeal No. 87-0545
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. XXXXX (Petitioner)
asserted that the subject property should have a lower taxable value as of the
lien date, XXXXX. Petitioner and
Respondent agreed to the following facts: An obsolescence factor of 45% is
appropriate in the assessment of the subject property. This factor is the same reduction that
Respondent has applied to other uranium properties in Utah that have been
impacted by the severe downturn in the uranium market. The original valuation for XXXXX was $$$$$. The recommended revised valuation is
$$$$$. XXXXX and XXXXX counties had
standing to object to the assessment of the subject property pursuant to Utah
Code Ann. §59-2-1013 (1953) but elected not to show cause.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the taxable value
of the subject property as of XXXXX to be $$$$$. 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 1 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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