87-0568 - Centrally Assessed

 

BEFORE THE UTAH STATE TAX COMMISSION

_____________________________________

XXXXX

            Petitioner,                                                         :           ORDER OF APPROVAL

v.                                                                                 :

PROPERTY TAX DIVISION OF THE                       :           Appeal No. 87-0568

            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 on the subject property.  Petitioner asserted that the subject property should have a lower market value as of the lien date XXXXX.  Petitioner and Respondent have agreed that adjustment to the valuation is necessary.  The original valuation of the subject property was an estimated value.  The Respondent audited and then reappraised the subject property.  As a result, the Respondent and Petitioner stipulated that the value of the subject property should be reduced from $$$$$ to $$$$$ for the XXXXX tax year.  Each affected county had standing to object to the assessment of the subject property pursuant to Utah Code Ann. 59-2-1007.  XXXXX County filed an objection on XXXXX.  They withdrew their objection on XXXXX.

ORDER

            Based on the foregoing, the Utah State Tax Commission hereby finds the market value of the subject property for the tax year XXXXX is $$$$$.  The Property Tax Division is hereby ordered to adjust its records in accordance with this order of approval.  The affected County Auditors are also authorized to adjust their records in accordance with the revised notice of assessment.

            DATED this 15 day of January 1992.

BY ORDER OF THE UTAH STATE TAX COMMISSION.

R. H. Hansen                                                                Roger O. Tew

Chairman                                                                      Commissioner

Joe B. Pacheco                                                            S. Blaine Willes

Commissioner   Commissioner