BEFORE THE UTAH STATE TAX COMMISSION
Petitioner, : ORDER OF APPROVAL
PROPERTY TAX DIVISION OF THE : Appeal No. 89-0967
UTAH STATE TAX COMMISSION, :
: Tax Year: XXXXX
: 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.
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).
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
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
Joe B. Pacheco Alice Shearer