BEFORE THE STATE TAX
COMMISSION OF UTAH
_____________________________________
XXXXX
Petitioner, :
v. : ORDER OF APPROVAL
:
PROPERTY TAX
DIVISION OF THE :
UTAH STATE TAX COMMISSION, : Appeal
No. 88-1264
: Serial No.
XXXXX
Respondent. :
_____________________________________
STATEMENT OF CASE
The
above captioned matter involves an appeal to the Utah State Tax Commission for
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 subsequently agreed to the following facts: The Petitioner's
XXXXX named the XXXXX and the XXXXX are of shut-in status and are not
operational wells as of the lien date XXXXX.
These wells were originally assessed at $$$$$ per well for a total of
$$$$$ market value. The stipulation
between the parties are that the value should be reduced from $$$$$ to $$$$$ for
the tax year in question.
XXXXX
County had standing to object to the assessment of the subject property
pursuant to Utah Code Ann. § 59-2-1013, 1953, but elected not to show cause.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the taxable value
of the subject property as of XXXXX to be $$$$$.
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 10 day of January, 1989.
By Order of the Utah State Tax Commission.
ABSENT
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis