89-0967 - Centrally Assessed

 

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