BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX
Petitioner, :
v. : ORDER OF APPROVAL
PROPERTY TAX
DIVISION OF THE :
UTAH STATE TAX COMMISSION, : Appeal
No. 87-0879
STATE 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 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 agreed to the following facts: Petitioner's assessment was revised
to place emphasis on a discounted cash flow analysis that incorporates the
findings of the XXXXX study; as a result of this analysis, the system value was
determined to be$$$$$; the original assessment relied only on Net Book Value of
property located in Utah; the Utah allocation percentage was determined to be
7.85%, resulting in a recommended revised XXXXX Utah value of $$$$$; the
original XXXXX taxable valuation of the subject property was $$$$$. XXXXX County had standing to object to the
assessment of the subject property pursuant to Utah Code Ann. 59-2-1013 (1953),
but elected not to show cause.
ORDER
It
is the Order of the Utah State Tax Commission that the taxable value of the
subject property as of XXXXX is $$$$$.
The Property Tax Division of the Utah State Tax Commission is hereby ordered
to adjust its records in accordance with this decision.
DATED
this 16 day of August, 1988.
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
^^