BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX
Petitioner, :
v. : ORDER OF APPROVAL
PROPERTY TAX
DIVISION OF THE :
STATE TAX
COMMISSION OF UTAH, ) Appeal No. 87-0876
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 on
the subject property. XXXXX
(Petitioner) asserted that the subject property should have a lower taxable
value as of lien date XXXXX. Petitioner and Respondent agreed to the following
facts: Certain equipment in Code A Outside has been reduced to a market value
of 10% of the value previously listed, for a total decrease in equipment of
$$$$$. The equipment changes do not
affect the total value. The
capitalization rate was increased to XXXXX from XXXXX to allow for the risk
factor which was understated on the earlier return. The original valuation was $$$$$. The proposed revised valuation is $$$$$. XXXXX Counties had standing to object to the
assessment of the subject property pursuant to Utah Code Ann. 59-2-1013 (1953)
but elected not to show cause.
ORDER
Based
on the foregoing, the Utah State Tax Commission finds the taxable value of the
subject property as of XXXXX, to be $$$$$.
The Property Tax Division of the Utah State Tax Commission is hereby
ordered to adjust its records in accordance with this Order of Approval.
DATED
this 11 day of December, 1987.
BY ORDER OF THE STATE TAX COMMISSION OF UTAH.
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner
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