BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX
Petitioner, : ORDER OF APPROVAL
:
v. :
:
PROPERTY TAX DIVISION
OF THE : Appeal No. 89-0967
UTAH STATE TAX COMMISSION, :
: Tax Year:
XXXXX
Respondent. :
: Tax Type:
Cent. Assessed
_____________________________________
STATEMENT OF CASE
The
above-captioned matter involves an appeal by XXXXX to the Utah State Tax
Commission from the assessment by the Property Tax Division on the subject
property for the year XXXXX.
A
formal hearing was held in this matter on XXXXX. The final decision declaring the fair market value of this
property was rendered on XXXXX.
In
XXXXX, the Commission subsequently adjusted the value after reviewing the
petitions for reconsideration filed by the parties.
Then,
in XXXXX, the parties entered into a stipulation, taking the fair market value
of the subject property as determined by the Commission and applying the 4-R
Act.1
These
calculations were subsequently accepted by the affected counties.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby approves these
calculations which reflect the application of the 4-R Act to the fair market
value of XXXXX as determined in the final decision for the tax year XXXXX. (See
attached).
The
Property Tax Division is hereby ordered to adjust its records in accordance
with this order of approval. The County
Auditors of the counties
_______________________
l The parties agree that the 1989
assessed value of UPRR in the state of Utah is calculated as follows:
Cost Indicator: NMF
Income Indicator
(Capitalized Income): XXXXX
Market Indicator (Stock and
Debt): XXXXX
Correlated Market Value of
System XXXXX
Utah Allocation Percent XXXXX
Market Value to Utah System XXXXX
Equalization Ratio XXXXX
Taxable Value in Utah XXXXX
involved are also authorized to adjust their
records in accordance with the revised notice of assessment.
DATED
this 23 day of March, 1994.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
W. Val
Oveson Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco Alice
Shearer
Commissioner Commissioner