BEFORE THE UTAH STATE TAX
COMMISSION
____________________________________
XXXXX, )
Petitioner, : ORDER
v. :
PROPERTY TAX
DIVISION OF THE : Appeal No. 90-2710
UTAH STATE TAX COMMISSION, :
Respondent. :
_____________________________________
STATEMENT OF CASE
The
above captioned matter involves an appeal to the Utah State Tax Commission from
the Factoring Order issued to XXXXX on XXXXX.
On
XXXXX, representatives of the Petitioner and the Respondent met to review
questions regarding the data and issues of statistical methodology and application
of the factor order. Based upon the
facts presented, the parties entered into an agreement and signed a stipulation
on XXXXX. A copy of the stipulation is
attached.
ORDER
Based
upon the stipulation of the parties, the Tax Commission hereby approves and
adopts the terms of the stipulation as entered into by the parties on XXXXX,
and enters its Order pursuant to the terms contained therein.
DATED
this 19 day of February, 1991.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner
BEFORE THE UTAH STATE TAX
COMMISSION
____________________________________
XXXXX ) STIPULATION
Petitioner, :
v. : Appeal No. 90-2710
PROPERTY TAX
DIVISION :
UTAH STATE TAX COMMISSION :
Respondent :
_____________________________________
Statement
of Facts
Pursuant
to the provisions of Utah Code Annotated59-2-704(2), 1953, the Utah State Tax Commission
issued a factoring order to XXXXX by the fourth Tuesday of XXXXX. The order, based upon the XXXXX
Assessment/Sales Ratio Study, set forth a ratio of XXXXX and a factor of XXXXX
on the vacant land category.
On
XXXXX, XXXXX filed an appeal of the XXXXX factor order with the Utah State Tax
Commission.
On
XXXXX, XXXXX met with the Property Tax Division to review questions of error
and/or omission in the data and issues regarding statistical methodology and
application of the factor order.
Based
upon the facts presented, the Property Tax Division and XXXXX stipulate:
1. An analysis of the vacant land sales used to
compute the assessment level revealed that there is one specific area of the
county which is greatly undervalued. By
isolating the sales in XXXXX and eliminating them from the sample, the overall
assessment level for the county is in line with the Tax Commission's accepted
standards. It is stipulated that XXXXX
will conduct a reappraisal of all vacant land parcels in the XXXXX, and also
review and update the land values of all locally assessed property located in
the XXXXX of XXXXX. The reappraisal of
the above areas will be completed and incorporated in the XXXXX tax roll.
2. The county land guide will be updated and
presented to the Property Tax Division for review by XXXXX. XXXXX will also establish a reappraisal
plan.
3. Reappraise all vacant land parcels with a
portion being completed by XXXXX and the remainder by XXXXX.
4. It is agreed that all reappraisal work and
plans will follow the State Tax Commission Reappraisal Guidelines.
5. The parties agree that this stipulation may
be modified based on results of future assessment/sales ratio studies conducted
by the Property Tax Division, or that factor orders may be reinstituted if
significant improvement in assessment level performance is not attained.
6. Based upon the parties' agreement in
paragraphs (1) through (4) above, the parties jointly recommend that Appeal No.
90-2710 be dismissed by order of the Tax Commission incorporating the
adjustments set forth.
Dated the XXXXX day of
XXXXX.
Petitioner
Representative
Property Tax Division
Utah State Tax Commission
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