BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX
Petitioner, :
v. : ORDER OF APPROVAL
PROPERTY TAX
DIVISION OF THE : Appeal No. 87-0551
UTAH STATE TAX COMMISSION, :
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. 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: With the information regarding Utah gross revenue and
Utah net operating income, an allocation formula was recomputed showing the
corrected Utah allocation to be %%%%% where the original was %%%%%. After reviewing the corrected allocation
formula the Utah market value should be adjusted to $$$$$. This is a reduction from the original
assessment of $$$$$. XXXXX County had
standing to object to the assessment of the subject property pursuant to Utah
Code Ann. §59-2-1013 but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the taxable value
of the subject property for the tax year XXXXX to be $$$$$.
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 5 day of January, 1989.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
ABSENT
R. H. Hansen