88-1411 - Centrally Assessed

 

BEFORE THE UTAH STATE TAX COMMISSION

_____________________________________

XXXXX

Petitioner, :

:

v. : ORDER TO SHOW CAUSE

:

PROPERTY TAX DIVISION OF THE : Appeal No. 88 1411

UTAH STATE TAX COMMISSION, :

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 lower taxable value as of the lien date, XXXXX.

Petitioner and Respondent agreed to the following facts: The value should be reduced to $$$$$ for tax purposes due to an adjustment for obsolescence, the cost indicator of value, a modification within the income indicator value, correction of errors in the stock and debt indicator, and a correction in the system and allocated Utah value.

XXXXX, XXXXX, and XXXXX County has standing to object to the assessment of the subject property pursuant to Utah Code Ann. 59-2-1013.

ORDER

The above referenced counties are hereby ordered to show cause within ten (10) days from the date of this order why the Tax Commission should not accept the proposed value of $$$$$ as the taxable value of the subject property as of XXXXX.

If any county elects to show cause why the Tax Commission should not accept the proposed value, a written response must be filed with the Tax Commission within the time limits prescribed. The county must show reasonable cause pursuant to Utah Code Ann. 59-2-1013.

Failure of any county to respond to this order within ten days shall be construed as acceptance by the county of the proposed valuation.

DATED this 15 day of December, 1988.

XXXXX

Tax Appeals Supervisor

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