BEFORE THE UTAH STATE TAX COMMISSION
: ORDER OF APPROVAL,
PROPERTY TAX DIVISION OF THE : Appeal No. 88 1278
STATE TAX COMMISSION OF UTAH, :
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 $$$$$ to $$$$$.
XXXXX and XXXXX Counties had standing to object to the assessment of the subject property pursuant to the Utah Code Ann. § 59-2-1013 but elected not to show cause.
Based on the forgoing, the Utah State Tax Commission hereby finds the value for the subject property for the year in question to be $$$$$.
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.
R. H. Hansen Roger O. Tew
Joe B. Pacheco G. Blaine Davis