BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX,
Petitioner, : ORDER OF APPROVAL
v. :
:
PROPERTY TAX
DIVISION OF THE : Appeal Nos. 90-1273 &
UTAH STATE TAX COMMISSION, : 90-1274
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. The Respondent has proposed and the Petitioner
has agreed that the proper unit to value for purposes of the Utah property tax
assessment is the Utah operations only of the Petitioner. These operations are also known as XXXXX and
XXXXX. The Respondent has prepared a
new appraisal of this revised unit. In
this new appraisal the Division has relied upon the cost and market approaches
to value. The Respondent and Petitioner
agree that the correlated market value of the unit should be $$$$$ for the
XXXXX tax year. Therefore, the value is
adjusted from $$$$$ to $$$$$ for the XXXXX tax year.
Each
affected county had standing to object to the assessment of the subject
property pursuant to Utah Code Ann. §59-2-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$.
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 24th day of October, 1991.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco S.
Blaine Willes
Commissioner Commissioner