BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX
v. :
PROPERTY TAX
DIVISION OF THE :
STATE TAX
COMMISSION OF UTAH, ) ORDER OF APPROVAL
Respondent. : Appeal No. 87-0609
_____________________________________
STATEMENT OF CASE
The
above-captioned matter involves an appeal to the Utah State Tax Commission from
the assessment of the subject property by the Property Tax Division of the Utah
State Tax Commission. 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: The addition of
the unreported income of the combined entity (XXXXX merged with XXXXX on XXXXX)
modified the income indicator of value and, consequently, the system value to
$$$$$ from $$$$$. The Utah allocation
percentage changed to .016% from .023%. The final Utah allocated value
decreased from $$$$$ to $$$$$. XXXXX
Counties had standing to object to the assessment of the subject property
pursuant to Utah Code Ann. 59-2-1013 (1953) but elected not to show cause.
ORDER
Based
on the foregoing, it is the Order of the Utah State Tax Commission that the
taxable value of the subject property as of XXXXX, is $$$$$. The Property Tax Division of the Utah State
Tax Commission is hereby ordered to adjust its records in accordance with this
decision.
DATED
this 1 day of December, 1987.