BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX,
Petitioner, : ORDER OF APPROVAL
:
v. :
PROPERTY TAX
DIVISION OF THE : Appeal No. 90-1267
UTAH STATE TAX COMMISSION, :
: Tax Type:
Centrally Assessed
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 an adjustment of the valuation is
necessary. The original XXXXX Utah
valuation computed by the Property Tax Division for XXXXX was $$$$$, based on a
system value of $$$$$, a Utah allocated percentage of XXXXX, and a Federally
mandated relief percentage of XXXXX.
The Property Tax Division has prepared a revised appraisal that relies
on a cost indicator in the amount of $$$$$, and an income indicator in the
amount of $$$$$. The Property Tax
Division and the Petitioner agree that the correlated market value of the
system should be $$$$$. The Utah
allocated percentage of mobile flight equipment has been changed to XXXXX. The Federally mandated relief percentage
remains at XXXXX. Therefore, the value
is adjusted from $$$$$ to $$$$$ for the XXXXX tax year.
Each
affected county had standing to object to the assessment of the subject
property pursuant to Utah Code Ann. §592-1007.
On or about XXXXX, XXXXX, XXXXX and XXXXX Counties filed an objection. On or about XXXXX, XXXXX, XXXXX and XXXXX
Counties withdrew their objection.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$.
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 30th day of December, 1993.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
W. Val Oveson