87-1046 - Sales

BEFORE THE STATE TAX COMMISSION OF UTAH

_____________________________________

XXXXX

Petitioner, :

v. : ORDER OF APPROVAL

PROPERTY TAX DIVISION OF THE : Appeal No. 87-1046

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 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 the lien date, XXXXX. The Petitioner and Respondent agreed to the following facts: The land value was changed to $$$$$ per ace as reflected by comparable properties. A salvage value of 10% of the original value of $$$$$ placed on the existing building. The original valuation of the assessment was $$$$$. The recommended revised valuation is $$$$$. 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.

ORDER

Based on the foregoing, 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 Order of Approval

DATED this 1 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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