87-0576 - Centrally Assessed

 

BEFORE THE UTAH STATE TAX COMMISSION

_____________________________________

XXXXX

            Petitioner,                                                         :           ORDER OF APPROVAL

v.                                                                                 :

PROPERTY TAX DIVISION OF THE                       :           Appeal No. 87-0576

            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 adjustments to the valuation are necessary and proper.  After making those adjustments based upon an assessment ratio of %%%%% , the agreed upon taxable value for the XXXXX tax year is $$$$$.  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 market value of the subject property for the tax year XXXXX is $$$$$.  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 21 day of December, 1989.

BY ORDER OF THE UTAH STATE TAX COMMISSION.

R. H. Hansen                                                                Roger O. Tew

Chairman                                                                      Commissioner

Joe B. Pacheco                                                            G. Blaine Davis

Commissioner                                                               Commissioner

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