BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX
Petitioner, :
v. : ORDER OF APPROVAL
PROPERTY TAX
DIVISION OF THE : Appeal No. 87-0863
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
(Respondent) 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 subsequently agreed to the following facts:
Certain
statistical data in the allocation formula were improperly applied, resulting
in too high an allocation percentage to Utah.
Also, historical data from Petitioner's annual reports were improperly
applied. This resulted in the underassessment of the system value. After making the necessary corrections, the
indicators of value, Utah percentage, and final values are as follows:
Original Revised
Description Assessment Assessment
Cost Indicator of Value $$$$$$$$$$
Income Indicator of Value $$$$$$$$$$
Stock & Debt No Change No
Change
System Value $$$$$$$$$$
Utah Allocation
of Mobile Flight Equipment %%%%% %%%%%
Enterprise
Ratio %%%%% %%%%%
Utah
Market Value $$$$$ $$$$$
The
above corrections result in a reduction of the XXXXX assessment from $$$$$ to
$$$$$. XXXXX counties had standing to
object to the assessment of the subject property pursuant to Utah Code Ann.
59-2-1013 (1953) but elected not to show cause.
ORDER
The
Utah State Tax Commission hereby finds the taxable value of the subject
property as of XXXXX to be $$$$$. The
Property Tax Division of the Utah State Tax Commission is hereby 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.
Roger O. Tew R. H. Hansen
Commissioner Chairman
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner
^^