BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX
Petitioner, )
v. ) ORDER OF APPROVAL
PROPERTY TAX
DIVISION OF THE ) Appeal No. 87-0555
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. 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: Well No. API No. XXXXX, Bluff XXXXX,
was plugged and abandoned and accepted as such by the Utah Division of Oil, Gas
& Mining on XXXXX. No production
was reported for XXXXX. Valuation
should be reduced by the shut-in flat well rate of $$$$$ since no such
equipment was in place on the subject well as of the lien date, XXXXX. The total taxable value is reduced from
$$$$$ to $$$$$. XXXXX County had
standing to object to the assessment of the subject property pursuant to Utah
Code Ann. 59-2-1013 (1953) but elected not to show cause.
ORDER
The
Utah State Tax Commission hereby finds the taxable value of the subject
property as of XXXXX to be $$$$$. The
Property Tax Division of the Utah State Tax Commission is ordered to adjust its
records in accordance with this decision.
DATED
this 1 day of October, 1987.
BY ORDER OF THE STATE TAX COMMISSION OF UTAH.
ABSENT
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner
^^