BEFORE THE STATE TAX COMMISSION OF UTAH
v. : ORDER OF APPROVAL
PROPERTY TAX DIVISION OF THE :
UTAH STATE TAX COMMISSION, : Appeal No. 87-0879
STATE 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 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$$$$$; the original assessment relied only on Net Book Value of property located in Utah; the Utah allocation percentage was determined to be 7.85%, resulting in a recommended revised XXXXX Utah value of $$$$$; the original XXXXX taxable valuation of the subject property was $$$$$. XXXXX County had standing to object to the assessment of the subject property pursuant to Utah Code Ann. 59-2-1013 (1953), but elected not to show cause.
It is the Order of the Utah State Tax Commission that the taxable value of the subject property as of XXXXX is $$$$$. 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
Joe B. Pacheco G. Blaine Davis