BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX
Petitioner, :
: ORDER OF
APPROVAL,
v. :
:
PROPERTY TAX
DIVISION OF THE : Appeal No. 88 1278
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. Petitioner
asserted that the subject property should have a reduction due to functional
and economical obsolescence.
Petitioner
and Respondent agreed to the following facts: The property in question in the
XXXXX have been idle and should be subject to an adjustment for
obsolescence. In order to adjust for
obsolescence, the allocation formula is adjusted to give more weight to traffic
through the lines than cost invested in the lines. Therefore, the Utah allocation factors are reduced from XXXXX% to
XXXXX%. This lowered the assessment
from $$$$$ to $$$$$.
XXXXX
and XXXXX Counties had standing to object to the assessment of the subject
property pursuant to the Utah Code Ann. § 59-2-1013 but elected not to show
cause.
ORDER
Based
on the forgoing, the Utah State Tax Commission hereby finds the value for the
subject property for the year in question to be $$$$$.
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 24 day of February, 1989.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
ABSENT
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner
^^