88-1264 - Centrally Assessed

 

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