87-0884 - Centrally Assessed

 

BEFORE THE STATE TAX COMMISSION OF UTAH

_____________________________________

XXXXX

            Petitioner,                                                         :

v.                                                                                 :           ORDER OF APPROVAL

PROPERTY TAX DIVISION OF THE                       :           Appeal No. 87-0884

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 of the subject property by the Property Tax Division of the Utah State Tax Commission.  XXXXX (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: The original Utah allocation was based solely on book cost. Petitioner subsequently provided Utah revenue information, which reduced the Utah allocation percentage from %%%%% to %%%%%.  The Utah market value was reduced from $$$$$ to $$$$$.  XXXXX 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.

DECISION AND ORDER

            The Tax Commission, after reviewing the stipulation, hereby accepts this stipulation in lieu of a formal hearing and 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 20 day of October, 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