88-1437 - 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. 88-1437

:

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 lesser value due to an allocation percentage reduction.

Petitioner and Respondent agree to the following facts: The original valuation of the assessment was $$$$$; the recommended revised valuation is $$$$$ for a reduction of $$$$$. The overvaluation was due to an error in computing the Utah allocation factor. Originally the Utah allocation percentage was determined to be XXXXX percent. After correcting errors in the calculation, it was determined that the total Utah allocation percentage should be XXXXX percent.

XXXXX County had standing to object to the assessment of the subject property pursuant to Utah Code Ann. 59-2-1013 but elected not to show cause.

ORDER

Based on the foregoing, the Utah State Tax Commission orders a reduction pursuant to the stipulation from $$$$$ to $$$$$.

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 5 day of January, 1989.

BY ORDER OF THE STATE TAX COMMISSION OF UTAH.

ABSENT

R. H. Hansen Roger O. Tew

Chairman Commissioner

Joe B. Pacheco G. Blaine Davis

Commissioner Commissioner