90-1080 - Centrally Assessed

 

BEFORE THE UTAH STATE TAX COMMISSION

___________________________

XXXXX,

Petitioner, : ORDER OF APPROVAL

:

v. :

PROPERTY TAX DIVISION OF THE : Appeal No. 90-1080

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 on the subject property. Petitioner asserted that the subject property should have a lower market value as of the lien date XXXXX.

Petitioner and Respondent have agreed that adjustment to the valuation is necessary. Therefore, the value for rolling stock for the XXXXX tax year is adjusted from $$$$$ to $$$$$. The personal property located in XXXXX is adjusted from $$$$$ to $$$$$.

Each affected county had standing to object to the assessment of the subject property pursuant to Utah Code Ann. §59-2-1007, but elected not to do so.

ORDER

Based on the foregoing, the Utah State Tax Commission hereby finds the market value of the rolling stock for the tax year XXXXX is $$$$$. The value of the personal property located in XXXXX County is $$$$$.

The Property Tax Division is hereby ordered to adjust its records in accordance with this order of approval. The affected County Auditors are also authorized to adjust their records in accordance with the revised notice of assessment.

DATED this 26 day of February, 1991.

BY ORDER OF THE UTAH STATE TAX COMMISSION.

ABSENT

R. H. Hansen Roger O. Tew

Chairman Commissioner

Joe B. Pacheco G. Blaine Davis

Commissioner Commissioner