BEFORE THE STATE TAX COMMISSION OF UTAH
v. : ORDER OF APPROVAL
PROPERTY TAX DIVISION OF THE : Appeal No. 87-0863
STATE TAX COMMISSION OF UTAH, )
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:
Description Assessment Assessment
Cost Indicator of Value $$$$$$$$$$
Income Indicator of Value $$$$$$$$$$
Stock & Debt No Change No Change
System Value $$$$$$$$$$
Utah Allocation of Mobile Flight Equipment %%%%% %%%%%
Enterprise Ratio %%%%% %%%%%
Market Value $$$$$ $$$$$
The above corrections result in a reduction of the XXXXX assessment from $$$$$ to $$$$$. XXXXX counties had standing to object to the assessment of the subject property pursuant to Utah Code Ann. 59-2-1013 (1953) but elected not to show cause.
The Utah State Tax Commission hereby finds the taxable value of the subject property as of XXXXX to be $$$$$. 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
Joe B. Pacheco G. Blaine Davis